What is "maximizing profits" as a social responsibility theory in business?
A)the theory that a corporation must consider the effects its actions have on persons other than its shareholders
B)the theory that a corporation's duty is to make a profit while avoiding causing harm to others
C)the theory that a corporation owes a duty to take actions that increase profits for shareholders
D)the theory that a business has a responsibility solely to its stakeholders

Question

Quizplus · Accepted Answer

Maximizing profits as a social responsibility theory in business states that a corporation owes a duty to take actions that increase profits for shareholders. This means that the primary responsibility of the corporation is to increase the value of its shareholders' investments.

What Is "Maximizing Profits" as a Social Responsibility Theory in Business