Question

TJX's handling of its serious data breach is consistent with which one of the following?a) Stakeholder theoryb) Stockholder theoryc) Social normatived) Social contract theorye) Corporate social responsibility

Answer 1

Stockholder theory

Step-by-step explanation:

Stockholder theory

This theory was introduced in 1960's by Milton Friedman ,

According to this theory , The managers of the corporation have a duty to maximize the returns of the shareholder .

Therefore , due to the cyclic nature of the business hierarchy , the corporation is mainly responsible to its stockholders .