XYZ Corporation believes that corporate responsibility is to simply maximize shareholder wealth and engage in charitable contributions only if there are favorable tax ramifications for doing so. XYZ endorses which of the following perspectives?
A) philanthropic responsibility
B) economic responsibility
C) global responsibility
D) social responsiveness
E) shareholder responsibility

Question

Quizplus · Accepted Answer

XYZ Corporation's approach aligns with economic responsibility, which focuses on maximizing shareholder wealth and making decisions based on financial benefits, such as favorable tax implications.

XYZ Corporation Believes That Corporate Responsibility Is to Simply Maximize