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A company reduces safety expense to increase short term profit and product returns rise next year. What is the most correct analysis from the viewpoint of objectives?

Answer and explanation

Correct answer: Short term profit weakened social objective and long term survival

Reducing safety affected customer interest and may reduce trust. In exams check balance between short term profit and long term objectives.

Related tags

ObjectivesProfitSocial-ResponsibilityObjectives Of ManagementNature And Significance Of ManagementBusiness StudiesClass 12 Mcq

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