Which model holds that as long as a company is operating legally,its only social responsibility is to maximize profits?
A)the economic model
B)the stakeholder model
C)the shareholder model
D)the accounting model

Question

Which model holds that as long as a company is operating legally,its only social responsibility is to maximize profits?
A)the economic model  
B)the stakeholder model  
C)the shareholder model  
D)the accounting model

Quizplus · Accepted Answer

The shareholder model holds that a company's only social responsibility is to maximize profits and provide returns to its shareholders, as long as it is operating legally. This model primarily focuses on the financial well-being of the company's shareholders and does not prioritize the interests of other stakeholders, such as employees or the environment.

Which Model Holds That as Long as a Company Is