Profit responsibility refers to
A. the obligation of a firm to price its products or services at a level whereby the consumer is treated fairlyand the firm is still able to make a profit.
B. the view that an organization has an obligation to those who can affect the achievement of its objectives.
C. the concept that no expansion or additional research and development will occur until a company is making a profit.
D. the idea that organizations are part of a larger society and are accountable to that society for their actions.
E. the duty of a firm to maximize profits for its owners or stockholders.
Answer: e
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