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 increases profits for shareholders.
D)The theory that a business has a responsibility solely to its stakeholders that other than shareholders.

Question

Quizplus · Accepted Answer

Maximizing profits as a social responsibility theory in business asserts that corporations have a duty to take actions that increase profits for their shareholders. This theory prioritizes the economic interests of shareholders above all other responsibilities, including social and environmental concerns.

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