Which of the Following Statements Would Most People in Business

question 20

Multiple Choice

Which of the following statements would most people in business agree with?

• A)Firms should not be punished because they have unintentionally built incentive schemes that induce unethical behaviour.
• B)Firms and government agencies almost always agree with one another regarding the restrictions that should be placed on hiring and firing employees.
• C)Although moral characters are developed differently, it is useful to educate people about the adverse consequences of unethical behaviour to themselves, their firms, and the nation.
• D)Because of the courage it takes to blow the whistle, whistle blowers are generally promoted more rapidly than other employees.

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Definitions:

Customer-focused

An approach to business that prioritizes the needs and preferences of customers in product development, sales, and service.

Business Strategy

A plan of action designed by organizations to achieve certain long-term goals and objectives by leveraging resources.

Life Cycle

The stages of development and growth through which an entity passes from its inception to its termination or culminating point.

Entrepreneurial Organisations

Businesses that are primarily focused on innovation, risk-taking, and proactive strategies to seize market opportunities.