The Duty of a Firm to Maximize Returns for Its

question 183

Multiple Choice

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.

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Definitions:

Macro-Objective Level

Analysis or perspective focused on large-scale structures and processes, treating them as objective realities that influence social behaviors and institutions.

George Ritzer

A sociologist from America recognized for his contributions to the study of consumer culture, global dynamics, and the process he describes as the McDonaldization of society.

Macroscopic Capitalism

A perspective on capitalism that examines its broad-scale economic patterns, structures, and systemic impacts on society.

Microscopic Alienation

The sense of estrangement or disconnection experienced at a personal or individual level, often in relation to work or societal norms.