Critics of business have claimed that managers often make decision that favored the making of quick book at the expense of long-term goal, such as long-term and sustainable profit. Please explain the circumstances that criticism is true when it is false
Added by Amy C.
Step 1
This can lead to decisions that boost immediate profits but may harm the company's future viability, such as cutting research and development budgets or neglecting employee training. Show more…
Show all steps
Your feedback will help us improve your experience
Adi S and 95 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Assertion (A): Obsessed with profit, business managers may neglect all other responsibilities towards customers, employees, investors, and society at large. Reason (R): There is hardly any sizable business enterprise whose only objective is the maximization of profit. Both the Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
Adi S.
Many financial managers and corporate officers are often criticized for (a) poor decisions, (b) lack of ethical behavior, (c) large salaries, (d) lucrative severance packages worth millions of dollars, and (e) extravagant lifestyles. Is this criticism justified? Justify your opinion.
Jennifer S.
"The economic condition cannot affect manager's decisions and actions: True False"
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD