When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Multiple Choice

$$ continue to adhere to all the legal standards set forth by the industry.

align the short$-$term goals of each employee with the long$-$term, overriding goals of the firm.

$$ evaluate its quarterly profit statement from an ethics standpoint.

develop a short$-$terms solution to meet the long$-$term needs of society.

$$ cut back on staff and staff benefits to meet the firm's immediate, short$-$term goals.