Which of the following actions is/are consistent with the "maximizing profits" theory of the social responsibility of business?
A) raising wages because it is expected to lower employee turnover and long-term overall compensation expenses
B) raising wages because it is believed that workers are underpaid relative to the industry average and that employee relations would be improved even though overall compensation expense will increase
C) raising wages to avoid a strike that would cost more than the increased costs of the wage increase
D) raising wages because it is expected to lower employee turnover and long-term overall compensation expenses, and raising wages to avoid a strike that would cost more than the increased costs of the wage increase
E) raising wages because it is expected to lower employee turnover and long-term overall compensation expenses, raising wages because it is believed that workers are underpaid relative to the industry average and that employee relations would be improved even though overall compensation expense will increase, and raising wages to avoid a strike that would cost more than the increased costs of the wage increase
Correct Answer:
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