When managers apply the _____________ theory of ethical decision making,they believe their only responsibility is to increase the profits of the business without violating the law or engaging in fraudulent practices.
A)social contract
B)stakeholder
C)stockholder
D)midas

Question

Quizplus · Accepted Answer

The theory described in the question refers to the stockholder theory, which holds that the only obligation of a business is to maximize profits for shareholders while following the law and avoiding fraud. This approach does not take into account the needs or interests of other stakeholders, such as employees, customers, or the community.

When Managers Apply the _____________ Theory of Ethical Decision Making,they