Focusing on a Firm's Short-Term Profits Without Considering the Company's

question 25

True/False

Focusing on a firm's short-term profits without considering the company's long-term needs may be acting unethically.

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Definitions:

E-SIGN Act

A U.S. federal law enacted in 2000 that facilitates the use of electronic records and signatures in interstate and foreign commerce by ensuring their legal validity and enforceability.

Court Papers

Documents filed with or issued by a court, including legal pleadings, orders, judgments, and other official documents related to a court case.

Mortgages

Legal agreements by which a bank or creditor lends money at interest in exchange for taking title of the borrower's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Patent

A legal right granted by a government that gives an inventor exclusive rights to make, use, sell, and distribute their invention for a defined period of time.