Why Is It So Important That Managers,and People in General,should

question 67

Multiple Choice

Why is it so important that managers,and people in general,should act ethically and temper their pursuit of self-interest by considering the effects of their actions on others?

• A) Because giving excessive importance to oneself with no consideration of societal interests leads to disaster for each individual and for the whole society because scarce resources are destroyed.
• B) Because ethical issues are seldom clear-cut since the rights,self-interests,goals,and incentives of different stakeholders often conflict.
• C) Because a manager has no reluctance about communicating an ethical decision to people outside the company since the typical person in a society would think it is acceptable.
• D) Because if all companies make the right choices,all stakeholders will benefit in the long run.
• E) Because a company affects the prosperity of a society and a nation and,to the degree that a company is involved in global trade,all the countries it operates in and thus the prosperity of the global economy.

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Definitions:

Analyze Information

The process of examining data or information in order to draw conclusions, make predictions, or inform decisions.

Gather Information

The process of collecting data or insights from various sources to increase knowledge or make informed decisions.

In-Person Customer Interactions

Face-to-face meetings or conversations between customers and service providers, offering opportunities for personal connection and direct feedback.

Purchase Preferences

Refers to consumers' tendencies or inclinations toward certain products, brands, or services when making purchasing decisions.