Maximizing profits is a traditional theory of business responsibility saying that profits should be maximized for the benefit of officers and employees.

Name: Maximizing profits is a traditional theory of business responsibility saying that profits should be maximized for the benefit of officers and employees.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The traditional theory of business responsibility suggests that profits should be maximized for the benefit of shareholders or owners, not specifically for officers and employees.

Maximizing Profits Is a Traditional Theory of Business Responsibility Saying