Question: true or false. 1 . Goals are specific and often quantified versions of objectives. 2 . If a firm is able to consistently earn above

true or false.

1 .

Goals are specific and often quantified versions of objectives.

2 .

If a firm is able to consistently earn above

-

average profits, it is effectively balancing the goals of its stakeholders.

3 .

The agency problem refers to the balancing act a firm must exhibit when attempting to satisfy the myriad of governmental agencies.

4 .

Most organizations can be classified as either ethical or unethical.

5 .

The integrative social contracts view of ethics suggests that decisions should be based on religious convictions.

6 .

Offshoring refers to the relocation of some or all of a firm's manufacturing or other business activities to another country, usually to reduce costs.

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