When Making Decisions,managers Often Have to Decide Between Doing What

question 87

Multiple Choice

When making decisions,managers often have to decide between doing what is beneficial for them (and possibly the firm) in the short run,and doing what is right and beneficial for the firm and for society in the long run.To address this conflict,a firm

• A) must evaluate its quarterly profit statement from an ethics standpoint.
• B) must state its long-term goals in general terms, so as to not interfere with managers' short-term goals.
• C) must always put society's needs ahead of the firm's needs.
• D) must align the short-term goals of each employee with the long-term, overriding goals of the firm.
• E) should adhere rigidly to legal standards in its industry.

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Definitions:

Asynchronous Meetings

Meetings where participants engage at different times according to their convenience, rather than gathering at the same time.

Time Zones

Geographic regions that follow the same standard time, affecting scheduling and coordination in global projects.

Worldwide Communication Network

A global system of interconnected electronic systems or networks that facilitate communication across the world.

Project Teams

Groups of individuals assembled to work together on a specific project, with skills and roles complementing the project requirements.