Answered

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.

Verified Answer :

metchelle

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.

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