Earl's company wants to change the material it uses for its products to a cheaper, less-durable material. Processing the material causes more waste and the final products will not be as safe for customers, but the company will make more money overall. A. Moral Minimum Standard B. Profit-Maximizing Moral Standard C. Stakeholder Theory Moral Standard D. Indeterminable E. Corporate Citizenship Moral Standard
Earl's company wants to change the material it uses for its products to a cheaper, less-durable material. Processing the material causes more waste and the final products will not be as safe for customers, but the company will make more money overall. A. Moral Minimum Standard B. Profit-Maximizing Moral Standard C. Stakeholder Theory Moral Standard D. Indeterminable E. Corporate Citizenship Moral Standard
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
Problem 1QR
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Determine which moral standard of social responsibility the business is observing.
Earl's company wants to change the material it uses for its products to a cheaper, less-durable material. Processing the material causes more waste and the final products will not be as safe for customers, but the company will make more money overall.
A. Moral Minimum Standard
B. Profit-Maximizing Moral Standard
C. Stakeholder Theory Moral Standard
D. Indeterminable
E. Corporate Citizenship Moral Standard
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