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Economics · Oct / Nov 2016 · Paper 13 · Question 12

2281Firms’ costs, revenue and objectives

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

  1. Acustomers.
  2. Bemployees.
  3. Cowners.
  4. Dpublic.

As printed in the paper

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Correct answer: C. owners.

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