WebSocietal problems are caused by organizations and should therefore be fixed by those organizations. b. If businesses do not act socially responsible, government will create new regulations and levy fines against them. c. Being socially responsible can have a positive impact on the firm. d. WebGetting rid of obsolete inventory can free up valuable storage space, reduce costs, and increase profitability. Regularly reviewing inventory levels, conducting demand forecasting, and keeping up with market trends are key practices to ensure a business can avoid obsolete inventory and effectively manage its inventory.
Chapter Four Flashcards Quizlet
WebApr 11, 2024 · Businesses must drive efficiency and profitable growth by optimizing their existing technology and process initiatives to remain competitive. Failing to complete digital transformation initiatives costs organizations an estimated $9.5 million annually. WebOrganizational leaders can create psychological safety by framing workplace ethics as a learning process and acknowledging that we must learn from failures as well as successes. grays harbor county obituaries
Why You Need Good Business Ethics Edward Lowe Foundation
WebStudy with Quizlet and memorize flashcards containing terms like All of the following groups are specifically identified by federal equal employment opportunity laws EXCEPT ________. obese persons women people with disabilities people over age 40, On average, women with a college degree earn less money than men with a college degree. This is an example … Web-Most consumers would prefer to buy products made by a company that demonstrates ethical behavior. -Research has shown a correlation between organizations' … WebFeb 8, 2024 · A businessperson giving away the profits he makes is running a charity, not a business. What fundamentally sets a business, as an organization, apart from others, is its commercial nature. A business intending to stay in business must be profitable—or go out of business. Thus, to run a business you must want to make profits. choker rigida