At the Most Basic Level,a Firm Must Be Profitable

question 38

Multiple Choice

At the most basic level,a firm must be profitable.What level of the pyramid of corporate social responsibility is this?

• A) Social
• B) Economic
• C) Ethical
• D) Legal
• E) Accountability

---

Definitions:

Lottery

A form of gambling which involves drawing lots for a prize, often administered by state or federal governments.

Probability

Probability is a measure or estimation of how likely it is that an event will occur, expressed as a number between 0 and 1.

Utility

In economics, a measure of satisfaction or happiness that consumers derive from consuming goods and services.

Von Neumann-Morgenstern

A theory designed to understand the utility of outcomes in strategic games, emphasizing the mathematical expected utility.