O-LevelEconomicsMicroeconomic decision makers2281/12 · Oct/Nov 2016 · Q121 Mark

A survey of managers in the USA revealed that most businessmen feel that a company's responsibility is 'to serve the interests of owners, employees, customers and the public'. The idea of profit maximisation, in contrast, implies that a company's main responsibility should be to the

Acustomers

Bemployees

Cowners

Dpublic

✓ Correct answer

C: owners

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2016 Paper 1 Variant 2, question 12.

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