Asked by
Katryna Piccolino
on Dec 13, 2024Verified
The groups primarily served by a firm exhibiting profit responsibility include
A) the general public, public interest groups, and the environment.
B) consumers, employees, suppliers, and distributors.
C) owners and stockholders.
D) the general public and competitors.
E) state and federal government.
Profit Responsibility
The accountability for achieving financial gain and managing resources effectively within an organization.
Owners
Individuals or entities that legally possess something, holding the rights to control and benefit from it.
Stockholders
Individuals or entities that own shares in a corporation, giving them partial ownership and possibly the right to vote on corporate matters.
- Gain an understanding of the basic principles governing societal, stakeholder, and profitability responsibilities within corporate ethics.
- Analyze the corporate ethical mandates in balancing profit maximization with societal advantage.
Verified Answer
SC
Learning Objectives
- Gain an understanding of the basic principles governing societal, stakeholder, and profitability responsibilities within corporate ethics.
- Analyze the corporate ethical mandates in balancing profit maximization with societal advantage.