The Stakeholder Theory Maintains That

Multiple Choice

The stakeholder theory maintains that:

A) Companies have ethical responsibilities to all members of society, which allow corporations to exist based on a social contract
B) Managers are agents of the organization's owners, and their only ethical responsibility is to increase the profits of the business without violating the law or engaging in fraudulent practices
C) Managers have an ethical responsibility to manage a firm for the benefit of all individuals and groups that have a claim on a company
D) Managers are agents of the customer, and their only ethical responsibility is to increase the service of the business, without violating the law or engaging in fraudulent practices