Which of the Following Is a Characteristic of Profit Maximization

question 3

Multiple Choice

Which of the following is a characteristic of profit maximization?

• A)It is concerned with the equal distribution of wealth in society.
• B)It protects everyone's fundamental rights.
• C)It is closely related to utilitarianism because it focuses on results.
• D)It ensures complete responsible and ethical behavior by corporations.

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Definitions:

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people, often through industrial, technological, and infrastructural advancements.

Social Loafing

The tendency to put forth less effort when working with others on a common task than when working alone.

Compliance

The act of conforming to a request or demand, often studied in social psychology.

Groupthink

A phenomenon that occurs within a group of people, in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.