Many types of socially responsible actions can be consistent with a firm's long-term profit. Some degree of _____ is earned by such behavior.
A) money.
B) respect.
C) goodwill.
D) management expertise.

Question

Quizplus · Accepted Answer

Goodwill is the positive reputation a company earns through socially responsible actions, which can lead to increased customer loyalty, employee morale, and investor interest. This can ultimately impact the firm's profitability in the long-term. While money, respect, and management expertise may also be earned through socially responsible actions, goodwill is specifically tied to a positive reputation and perception among stakeholders.

Many Types of Socially Responsible Actions Can Be Consistent with a Firm's