Which of the following statements is true of shared values?
A)Profit and social welfare are substitutes that managers must trade off to create shared values.
B)Shared values entail transferring the ability to effectively perform tasks from one organization to another.
C)Shared values focus on the improvement of both the economic and social welfare of a firm.
D)Shared values focus solely on the income and wealth outcomes of an organization.

Question

Quizplus · Accepted Answer

Shared values refer to a set of beliefs and principles that guide the behavior and decisions of individuals within an organization. These values are not only focused on financial outcomes but also on the improvement of the social welfare of the company. Therefore, option C is the correct statement. Option A is incorrect as shared values do not entail trading off profit and social welfare. Option B is incorrect as shared values are not primarily concerned with the transfer of the ability to perform tasks. Option D is incorrect as shared values are not solely focused on income and wealth outcomes.

Which of the Following Statements Is True of Shared Values