The goal of this exercise is for you to understand the conditions that give rise to unethical business strategies and behavior.

Before completing this exercise, be sure to review Chapter $9,$Ethics$,$ Corporate Social Responsibility, Environmental Sustainability, and Strategy;$$ specifically, the section entitled $$Drivers of Unethical Business Strategies and Behavior.$$

The term $$short$-$termism$$ refers to

Multiple Choice

the inclination of managers to focus on long$-$term strategic objectives rather than short$-$term performance.

when decisions are driven by people who are planning on leaving the company and are no longer concerned with their ethical behavior.

the inclination of managers to focus on short$-$term performance objectives at the expense of long$-$term strategic objectives.

when managers focus on activities that drive higher profitability and customer value over the short$-$term.

senior managers who short sell the stock for personal gain.