A Social Responsibility Theory of Business Which Says That a Corporation's

question 15

Multiple Choice

A social responsibility theory of business which says that a corporation's duty is to make a profit while avoiding causing harm to others is referred to as ________.

• A) stakeholder interest
• B) corporate citizenship
• C) maximizing profits
• D) moral minimum

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Definitions:

Dictator Game

A behavioral experiment where one participant, the "dictator," determines how to split an amount of money between themselves and another participant.

Neoclassical Economic

A perspective in economics that examines how the allocation of resources, production, and income dispersal in markets are influenced by supply and demand mechanisms.

Self-Interest

The motivation of individuals to pursue their own objectives and benefits.

Ultimatum Game

A game in experimental economics in which two players decide how to divide a sum of money; the first player proposes a division, and the second player can accept or reject it, where rejection means neither player receives anything.