What term describes a way of doing business that emphasizes not taking more than what is given back?

Prepare for the AHLEI Managing Housekeeping Exam. Engage with flashcards and multiple choice questions, each offering hints and detailed explanations. Boost your confidence and get exam-ready!

The term that best describes a way of doing business that emphasizes not taking more than what is given back is sustainability. This concept involves managing resources in a way that meets current needs without compromising the ability of future generations to meet their own needs. Sustainability takes into account environmental, social, and economic factors, ensuring that businesses operate within the ecological limits of our planet while also fostering social equity and economic viability.

Sustainability goes beyond just environmental practices; it also incorporates ethical considerations and community well-being into business models. This approach encourages companies to minimize waste, conserve natural resources, and engage in practices that have a net positive impact on the world around them. In contrast, corporate responsibility focuses more on the ethical obligations of businesses towards stakeholders, while profit maximization emphasizes generating the highest financial returns, potentially at the expense of sustainable practices. Resource allocation pertains to the distribution of resources among various uses and does not inherently include the principle of not exceeding what is available.

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