From a Profit Maximization Point of View,the Only Responsible and Moral

question 25

Multiple Choice

From a profit maximization point of view,the only responsible and moral course of behavior is to:

• A)create shared value.
• B)use a portion of profits for social benefits.
• C)reap the highest return possible.
• D)maximize the interests of all stakeholders and not only the shareholders.

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Definitions:

Anchoring and Adjustment Bias

A cognitive bias where an individual relies too heavily on an initial piece of information (anchor) when making decisions, even if it is unrelated or irrelevant.

Availability Bias

A cognitive bias where people overestimate the importance of information that is readily available to them.

Confirmation Error

A cognitive bias where individuals favor information that confirms their existing beliefs or hypotheses.

Representativeness Bias

A cognitive bias where individuals incorrectly assess the likelihood of an event based on how closely it resembles their stereotypes of a category.