Asked by
Ardella Lewis
on Nov 08, 2024Verified
A leader who focuses on maximizing shareholder wealth will automatically behave ethically from the standpoint of the principle "pay attention to all stakeholders."
Shareholder Wealth
The overall value of the investments shareholders have in a company, typically measured through the market value of the company's shares.
Stakeholders
Individuals or groups with an interest in or influence over an organization's activities, outcomes, or decisions, including employees, customers, investors, and the community.
- Differentiate ethical from unethical practices and stress the necessity of aligning one's actions with ethical norms.
Verified Answer
BF
Learning Objectives
- Differentiate ethical from unethical practices and stress the necessity of aligning one's actions with ethical norms.
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