Asked by Carmia Mattox on Jul 20, 2024
Verified
When profit maximization is the goal, a company does not benefit from ethical behavior.
Profit Maximization
A financial strategy aimed at increasing a business's surplus by reducing costs or enhancing revenue.
Ethical Behavior
Refers to actions or practices that are morally upright and adhere to widely accepted moral principles or standards.
- Scrutinize assorted philosophical standpoints on the role of corporations in society, including the objective of maximizing profits and the duty owed to stakeholders.
Verified Answer
AA
Arinn ArnoldJul 22, 2024
Final Answer :
False
Explanation :
Ethical behavior can build a company's reputation, foster customer loyalty, and attract top talent, all of which can contribute to long-term profitability and sustainability.
Learning Objectives
- Scrutinize assorted philosophical standpoints on the role of corporations in society, including the objective of maximizing profits and the duty owed to stakeholders.