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We examined various internal and external stakeholders. The economic concept of scarcity infers that if a for-profit company uses resources to fund local arts organizations,
We examined various internal and external stakeholders. The economic concept ofscarcityinfers that if afor-profitcompany uses resources to fund local arts organizations, those funds cannot be used asdividendsto stockholders (or vice versa). What balance do you think shouldgenerally be soughtbetween the profit motive and various philanthropic efforts? Explain your answer fully, including the rationale you would use to convince shareholders.
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