Asked by
Alexis Lorraine
on Dec 13, 2024Verified
The duty of a firm to maximize returns for its owners or stockholders is referred to as
A) social responsibility.
B) value consciousness.
C) benefit marketing.
D) profit responsibility.
E) stakeholder responsibility.
Profit Responsibility
The obligation of an organization or individual to achieve financial gain while considering ethical and social impacts.
Owners
Individuals or entities that legally possess an item, property, or business, holding the rights to control, use, and dispose of it.
Stockholders
Individuals or entities that own shares in a corporation, giving them ownership stakes and sometimes the right to vote on corporate matters.
- Comprehend the principles of societal, stakeholder, and profit responsibilities in corporate ethics.
Verified Answer
GF
Learning Objectives
- Comprehend the principles of societal, stakeholder, and profit responsibilities in corporate ethics.