Firms Must Be Aware of Goals Other Than Short-Term Profit

question 104

Multiple Choice

Firms must be aware of goals other than short-term profit maximization.One area of concern should be social responsibility,which is the

• A) expectation that business will strive to improve the overall welfare of society.
• B) idea that organizations are solely responsible to local citizens.
• C) fact that court costs could impact the financial bottom line.
• D) idea that businesses are responsible for maintaining a healthy social climate for their employees.

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Definitions:

Router

A network device that forwards data packets between computer networks, playing a key role in determining the best path for data across a network.

Encrypt

The process of converting data into a coded form to prevent unauthorized access.

Profit/Loss Spreadsheets

Spreadsheet templates or tools designed to track income and expenses to determine the financial performance of a business over a specific period.

Client/Server Network

A network architecture where clients request resources or services, and servers provide them, enabling centralized resource management.