Business Has an Obligation to ____, According to Managers Supporting

question 164

Multiple Choice

Business has an obligation to ____, according to managers supporting the ____ view.

• A) all stakeholders; socioeconomic
• B) stockholders only; socioeconomic
• C) customers only; neo-classical
• D) pay taxes; classical economic
• E) maximize profits; concentric

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Definitions:

Introspection

The analysis or inspection of an individual's own cognitive and emotional activities.

Endowment Effect

The tendency for people to ascribe more value to things merely because they own them.

Ouija Board

A flat board marked with letters, numbers, and other symbols, used to attempt communication with spirits through a movable indicator or planchette.

Reasonably Priced

Items or services offered at a price that is considered fair and affordable.