The Theory of Maximizing Profits States That ________

question 57

Multiple Choice

The theory of maximizing profits states that ________.

• A) a corporation must consider the effects its actions have on persons other than its shareholders
• B) a corporation's duty is to make a profit while avoiding causing harm to others
• C) a corporation owes a duty to take actions that increases profits for shareholders
• D) a business has a responsibility solely to its stakeholders that other than shareholders

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Definitions:

Letter Format

A structured way of organizing a written communication, typically including a date, salutation, body, closing, and signature.

Form Report

A standardized document used for collecting data in a uniform manner, enabling easy comparison and analysis.

Addenda

Supplementary material usually added at the end of a document to provide additional information.

Letters of Recommendation

Written endorsements of a person's character, abilities, and achievements, typically authored by someone familiar with their work or academic performance.