A board has no right to prohibit actions to protect the long-term sustainability of a firm.
Answer the following statement true (T) or false (F)
False
The board can prohibit actions to protect the long-term sustainability of a firm. Notwithstanding the form of the unethical behavior, unethical acts can negatively impact stakeholders such as consumers or employees, who can, in turn, negatively impact the firm, which could eventually lead to a firm's demise.
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________ are defined as contracts in which the only choice for one of the parties is between agreeing to the terms dictated by the other party or not contracting at all.
A. Aleatory contracts B. Contracts of expression C. Bilateral contracts D. Contracts of adhesion
The current ratio is one of the measures of__________ of the firm
Fill in the blank(s) with correct word
A velvet rope separating the line for VIP members from the regular line is an example of a(n) ______.
a. Sign b. Symbol c. Artifact d. use of space
The crucial feature of collective bargaining is that management's traditional authority to unilaterally establish terms and conditions of employment is replaced by ____________________ negotiations.
A. Equitable B. Bilateral C. Competitive D. Co-lateral