For financial managers to be socially responsible, it is necessary that they:

a.

decrease the market price of the company's stock.

b.

minimize shareholder value.

c.

make a long-term commitment to the needs of stakeholders.

d.

focus solely on the short-term performances of the firm.

Question

Red Velvet

Business

22 March, 14:07

For financial managers to be socially responsible, it is necessary that they:

a.

decrease the market price of the company's stock.

b.

minimize shareholder value.

c.

make a long-term commitment to the needs of stakeholders.

d.

focus solely on the short-term performances of the firm.

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Answers (1)

Know the Answer?

Jordon Webb · Answer 1

The answer to the question above is letter C. It is necessary that a Financial Manager should be socially responsible to make a long-term commitment to the needs of the stakeholders. Financial Manager should develop his or her operational and evaluative capabilities to improve the organizations' core competence contributing for long term results.

For financial managers to be socially responsible, it is necessary that they:a.decrease the market price of the company's stock.b.minimize shareholder value.c.make a long-term commitment to the needs of stakeholders.d.focus solely on the short-term performances of the firm.

For financial managers to be socially responsible, it is necessary that they:

a.

decrease the market price of the company's stock.

b.

minimize shareholder value.

c.

make a long-term commitment to the needs of stakeholders.

d.

focus solely on the short-term performances of the firm.