Question

When managers apply the _____________ theory of ethical decision making, they believe their only responsibility is to increase the profits of the business without violating the law or engaging in fraudulent practices. A. social contract B. stakeholder C. stockholder D. Midas

Answer 1

Option B

Step-by-step explanation:

A stakeholder , is someone or an individual that is integral to a component in the decision making, examples are managers, customers and does that will be directly and indirectly involved in a project.

Yes when managers apply this theory, it sole purpose is to increase profits without violating any law. It is stakeholder theory of ethical responsibility because the person taking this decision is a stakeholder.