When making decisions,managers often have to decide between doing what is beneficial for them (and possibly the firm)in the short run,and doing what is right and beneficial for the firm and for society in the long run.To address this conflict,a firm:

Question

Quizplus · Accepted Answer

By ensuring that long-term goals are aligned with the short-term goals of each individual within the firm, managers are more likely to make decisions that benefit the firm and society in the long run, while also satisfying their own short-term goals. A and C are not feasible solutions, as firms cannot solely base decisions on ethics or society's needs. B is also not a good option, as long-term goals should be clearly defined and communicated to all employees in order to ensure they are working towards the same objectives. Therefore, the best option is D.

When Making Decisions,managers Often Have to Decide Between Doing What