Asked by Paramdeep Shokar on Sep 23, 2024
Verified
In the real world, effective businesses seek to address only the concerns of their stockholders.
Stockholders
Individuals or entities that own shares in a corporation, thereby having an ownership interest in the company.
Effective Businesses
Companies or enterprises that achieve their goals and objectives through efficient operations, strong leadership, and successful execution of strategies.
- Comprehend the principle of distributive justice and its significance in relation to the perceptions of employees.
Verified Answer
LH
Llasmin Hernandez4 days ago
Final Answer :
False
Explanation :
Effective businesses not only focus on the concerns of their stockholders but also consider the needs of their customers, employees, suppliers, and the community in which they operate. This approach is known as the stakeholder theory.
Learning Objectives
- Comprehend the principle of distributive justice and its significance in relation to the perceptions of employees.
Related questions
Treating Employees Fairly Is Good for Employers
The Term Distributive Justice Refers to Perceptions About Fairness in ...
Concern for Social Cohesion Is Greater in the United States ...
Employees Do Not Necessarily Feel That They Have Been Treated ...
Once Hired, Employees Generally Become Much Less Vocal in Expressing ...