When management's primary objective is to the economic interests of shareholders,this is known as what?
A)pluralistic approach
B)strategic approach
C)philanthropy
D)responsibility

Question

Quizplus · Accepted Answer

When management's primary objective is to the economic interests of shareholders, it is known as a strategic approach. This approach prioritizes maximizing profits and increasing the value of the company for shareholders above other potential goals such as social responsibility. A pluralistic approach would prioritize the interests of multiple stakeholders, while philanthropy and responsibility are not specific approaches to management objectives.

When Management's Primary Objective Is to the Economic Interests of Shareholders,this