Relative importance of the theories of business values

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Reference no: EM131647098

A few years ago, a large clothing manufacturer decided that it had to close its last operating manufacturing facilities in the United States and locate the production to plants located in countries with low labor costs. The manufacturer provided the workers who lost their jobs with a much larger severance package than was required by their employment contracts and by statute. This caused considerable expense to the company. In making this decision, which of the following is true about how the company must have viewed the relative importance of the theories of business values discussed in the text?

Profit maximization was equal in importance to corporate social responsibility.

Corporate social responsibility was more important than profit maximization.

Profit maximization was more important than Utilitarian ethics.

The company did not believe in the value of legality.

Reference no: EM131647098

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