Which of the following best describes how today's financial managers feel about treating customers,employees,suppliers,creditors,and other stakeholders with fairness and respect?
A)It often helps the firm build value for its owners.
B)It is a job best left to other departments within the organization.
C)It may be important from an ethical perspective but has little to do with meeting the firm's financial objectives.
D)It is a more important goal than increasing the value of the firm to its owners.

Question

Quizplus · Accepted Answer

Today's financial managers recognize that treating stakeholders with fairness and respect can help the firm build value for its owners. This is because satisfied customers, employees, and suppliers are more likely to provide the company with repeat business, better productivity, and reliable delivery of inputs. Additionally, treating creditors and other stakeholders fairly can help the firm maintain a good reputation and access to capital. Therefore, financial managers see treating stakeholders with fairness and respect as an integral part of meeting the firm's financial objectives.

Which of the Following Best Describes How Today's Financial Managers