In attempting to maximize profits, executives and employees of Capital Solutions, Inc., and other corporations have to distinguish between short-run and long-run profit maximization. Business ethics is consistent only with
A) long-run profit maximization.
B) short-run profit maximization.
C) no consideration of profits whatsoever.
D) strict adherence to the goal of profit maximization.

Question

In attempting to maximize profits, executives and employees of Capital Solutions, Inc., and other corporations have to distinguish between short-run and long-run profit maximization. Business ethics is consistent only with​
A) ​long-run profit maximization.
B) ​short-run profit maximization.
C) ​no consideration of profits whatsoever.
D) ​strict adherence to the goal of profit maximization.

Quizplus · Accepted Answer

Business ethics prioritize the long-term success and stability of a company rather than just short-term gains. Therefore, long-run profit maximization is the choice consistent with business ethics as it involves sustainable profits and considers the well-being of all stakeholders, including customers and employees, while pursuing profits. This approach helps to build strong and lasting relationships with stakeholders and promotes ethical and responsible business practices.

In Attempting to Maximize Profits, Executives and Employees of Capital