When Managers Apply the _____________ Theory of Ethical Decision Making

question 50

Multiple Choice

When managers apply the _____________ theory of ethical decision making, they believe their only responsibility is to increase the profits of the business without violating the law or engaging in fraudulent practices.

• A) social contract
• B) stakeholder
• C) stockholder
• D) Midas

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Definitions:

Purchasing Groups

Groups of medical offices associated with a nearby hospital that order supplies through the hospital to obtain a quantity discount.

Quantity Discounts

Price reductions given to customers who purchase goods in large volumes, aimed at incentivizing bulk purchases and increasing sales volume.

Medical Practices

Professional behaviors and procedures followed by healthcare providers to deliver patient care.

Local Vendors

Businesses or individuals that sell goods and services within a certain geographical area, often contributing to the local economy.