After a nationwide spike in gun - related violent crime, a corporation decides to discontinue gun
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Question:
After a nationwide spike in gun−related violent crime, a corporation decides to discontinue gun sales in its retail stores, even though this will probably hurt the company's sales in the next quarter.
According to stakeholder theory, did the corporation fulfill its duty?
a.)
No, because the decision will hurt the company's bottom line.
b.)
Yes, because the company has a responsibility to uphold public interests like reducing the number of guns in the community.
c.)
Yes, because the officers are getting ahead of any new laws that might be passed relating to gun sales.
d.)
No, because the company should not be involving itself in matters of public policy.
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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