answersLogoWhite

0


Best Answer

It is called a "fiduciary" responsiblity.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: The theory of business social responsibility that holds that a business owes duties solely to produce the highest return for its shareholders is?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How does the economic model of social responsibility differ from the socioeconomic model of social responsibility?

The economic model of social responsibility is in line with the traditional concept of business. It holds that society will earn most if business is left alone to produce products that society needs and make profits. The socioeconomic model of social responsibility holds that business is a part of the society therefore it can not ignore the problems that it causes. The socioeconomic model focus not only in profits but also in the impact of business decisions in society.


What is Alico's mission statement?

The mission of ALICO is to use agriculture and real estate activities to bring more assets to their shareholders. They hope to produce superior and long term returns to shareholders.


Why the business needs to be accountable to shareholders?

A business needs to be accountable to its shareholders as they are the owners of the business. In practise, because of the wide spread of share ownership, typically including a mix of individual shareholder's and pension funds which invest in shares to produce a return for their own shareholder's, accountability is not always so easy to establish. There are moves towards more accountability these days with block voting of larger groups of shareholders against such matters as board member pay and this is a trend likely to continue as excessive bonus and pay arrangements in the face of a falling share value have at last begun to be addressed. Companies and their boards of directors will therefore become more accountable in future.


Where would a vessel produce the highest concentration of carbon monoxide?

A vessel would produce the highest concentration of Carbon Monoxide near the engine and exhaust outlets.


What is the highest recorded amount if force a tsunami can produce?

the highest amount of jizz is 1 cup


Which situations produce the highest wind speeds?

tornados


Which state produce highest mango?

India


The distance between the lowest and highest tones a voice or instrument can produce is called?

The distance between the lowest and highest tones a voice or instrument can produce is called "range."


Business tools?

The Best business tools to produce optimal results


Which animal can produce the highest frequency sound?

Blue whale.


What is General Motors objective?

General Motors' objective is to sell more cars and to create a profit for their shareholders. They also want to produce quality cars.


What are the responsibility of state to produce a morally responsible citizen in individualistic view?

E smart