Asked by Adney Guerrero on Jul 09, 2024
Verified
The traditional objective of the business corporation has been to:
A) act in a socially and morally responsible manner.
B) act consistently with the purpose clause of the corporation.
C) serve the community in which the business resides.
D) enhance corporate profits and shareholder gain.
Corporate Profits
The surplus income of a corporation after all operating expenses, including taxes and interest on debt, have been deducted from total revenue.
Socially Responsible
Acting with consideration for the impact on society and the environment, often associated with ethical business practices.
- Gain insight into the legislative systems and legal statutes that control corporate activities and objectives.
Verified Answer
JS
Jasmine Smith
Jul 10, 2024
Final Answer :
D
Explanation :
The traditional objective of the business corporation has been to enhance corporate profits and shareholder gain.
Learning Objectives
- Gain insight into the legislative systems and legal statutes that control corporate activities and objectives.