Which of the Following Philosophies Maintains That a Company's Sole

question 27

Multiple Choice

Which of the following philosophies maintains that a company's sole responsibility is to maximize profits for its owners?

• A) utilitarian view
• B) righteous moralist view
• C) Friedman view
• D) cultural relativist view

---

Definitions:

Ingroup/Outgroup Bias

The tendency to favor and extend loyalty to members of one's own group (the ingroup) while discriminating against members of other groups (the outgroup).

Stereotype

A stereotype is a fixed, generalized belief about a particular group or class of people.

Subtyping

The cognitive process of creating subcategories within a broader category based on the recognition of differences that distinguish members of various subgroups.

Modern Racism

Subtle forms of prejudice that coexist with the rejection of racist beliefs.