Applied Business Corporation Makes and Markets Its Products Nationwide

question 23

Multiple Choice

Applied Business Corporation makes and markets its products nationwide.Under the stakeholder approach,to be considered socially responsible when making a business decision,Applied must take into account the needs of

• A)its consumers,the community,and society only.
• B)its employees and owners only.
• C)its employees,owners,consumers,the community,and society.
• D)no one.

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Definitions:

Presumed

Accepted as true or valid based on the existing evidence or probability, without requiring proof or further demonstration.

Insurable Interest

A requirement in insurance policies that the policyholder must stand to suffer a financial or emotional loss if the insured event occurs.

Lease

A contract by which one party conveys land, property, services, or the use of assets to another party for a specified time, in return for a periodic payment.

Personal Property

Tangible and intangible assets owned by an individual or business that are not permanently attached to or part of real estate.