Question

Is the pursuit of profit at odds with the pursuit of personal responsibility?  Is the pursuit of...

Is the pursuit of profit at odds with the pursuit of personal responsibility?  Is the pursuit of profit at odds with corporate responsibility?

Homework Answers

Answer #1

The pursuit of profit at odds is aligned with the pursuit of personal responsibility. The person, who takes a decision with the objective of profits, takes the onus of the complete scenario. He must be accountable for that scenario, irrespective of the outcome.

The pursuit of profit at odds is not completely in line with that of corporate responsibility as some individuals put the prime focus to attain profits rather than think about the impact that his decisions might have on the society. Some industrialists blast their own plant to get grants from the government, which facilitates their overall business, aiming at profit-making. This is totally aligned to personal responsibility while the corporate responsibility is totally ignored in this situation.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Casinos use odds in games to make profit. Do the odds in gambling favor the casinos...
Casinos use odds in games to make profit. Do the odds in gambling favor the casinos or the players? or both? Does rolling dice or playing cards have greater odds?
Is there a principled limit to the scope of personal responsibility for one’s health or should...
Is there a principled limit to the scope of personal responsibility for one’s health or should health be a totally private matter?
A limited partner:_______ has no personal responsibility for the debts incurred by the partnership. is guaranteed...
A limited partner:_______ has no personal responsibility for the debts incurred by the partnership. is guaranteed a return of his or her entire investment in the partnership if the partnership terminates. can manage the partnership's operations on a daily basis. has no control over the daily operations of the partnership. Which of the following statements are not correct?_____ Interest expense paid for short-term debt is tax deductible. Interest expense paid for corporate bonds is tax deductible. Common dividends paid are...
In addition to reducing the ambiguity of the situation and increasing personal responsibility, briefly explain at...
In addition to reducing the ambiguity of the situation and increasing personal responsibility, briefly explain at least two other ways to increase helping behavior.
The Social Media and Personal Responsibility Survey found that 69% of parents are "friends" with their...
The Social Media and Personal Responsibility Survey found that 69% of parents are "friends" with their children on Facebook. A random sample of 140 parents was selected. a. Calculate the standard error of the proportion. b. What is the probability that 100 or more parents from this sample are "friends" with their children on Facebook? c. What is the probability that between 96 and 105 parents from this sample are "friends" with their children on Facebook? d. If 81 parents...
Share an experience or opportunity that contributed to your pursuit of a nursing career. Include how...
Share an experience or opportunity that contributed to your pursuit of a nursing career. Include how those experiences or opportunities along with your personal characteristics, will help be a sucessful nurse.
3.       What were the circumstances surrounding President Clinton’s approval of the Personal Responsibility and Work Opportunity Reconciliation...
3.       What were the circumstances surrounding President Clinton’s approval of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996?  How is this an example of the interaction between real world politics and legislative priorities?  Will the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 reduce poverty in the long run?
What marketing concept are you are taking away from Corporate Social Responsibility? Think of this as...
What marketing concept are you are taking away from Corporate Social Responsibility? Think of this as what topics during the week intrigued you, surprised you or had the most personal relevance to you... and why?
Explain how the choice of the responsibility centre type​ (cost, revenue,​ profit, or​ investment) affects budgeting....
Explain how the choice of the responsibility centre type​ (cost, revenue,​ profit, or​ investment) affects budgeting. A. The type of responsibility centre affects financial planning models. These models affect the behaviour of managers who aim to achieve a high profit and increase revenues. B. The type of responsibility centre determines the strategic plans for the organization. The organization tailors​ it's long-range and​ short-range plans based on the goal of each responsibility centre. C. The choice of a responsibility centre type...
Question 1: What is the stakeholder theory of corporate social responsibility? A. Corporations should maximize profit...
Question 1: What is the stakeholder theory of corporate social responsibility? A. Corporations should maximize profit regardless of how this affects everyone else. B. Corporations have robust moral obligations to all stakeholder groups and the basis for these obligations is to be found in the obligations that shareholders themselves have to the other stakeholders. However, except for the obligation to shareholders, these are non-fiduciary obligations. C. The primary moral responsibility of the corporation is to maximizing shareholder value. D. The...