According to Philosopher Norman Bowie, Managers Have a Responsibility to Maximize

question 67

Multiple Choice

According to philosopher Norman Bowie, managers have a responsibility to maximize profits as long as they:

• A)respect human rights and cause no harm.
• B)contribute to charitable organizations.
• C)are confident and do charitable work.
• D)adhere to rules and regulations.

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Definitions:

Exchange Theory

A social theory that views interactions and relationships as transactions where individuals seek to maximize rewards and minimize costs.

Decision-Making

The cognitive process of choosing a course of action among multiple alternatives, often involving considerations of risk and reward.

Coveted Rewards

Highly desired benefits or prizes that individuals or groups seek to obtain, often driving competition and motivation.

George Homans

An influential American sociologist known for his work in developing social exchange theory, which views social interactions in terms of cost-benefit analyses.