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

question 32

Multiple Choice

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.

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Definitions:

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Juvenile offenders are individuals under the age of legal adulthood who commit crimes or delinquent acts, subject to a distinct set of laws and rehabilitation focused justice system.

Life Without Parole

A criminal sentence in which the convicted individual is to spend the remainder of their life in prison without the possibility of parole.

Cruel and Unusual Punishment

A form of penalty that is deemed intolerable because of the agony, distress, or degradation it causes to the individual who endures it.

Gender Recognition Act

Legislation in some jurisdictions that allows individuals to legally change their gender designation on official documents.