TJX's handling of its serious data breach is consistent with which one of the following? a) Stakeholder theoryb) Stockholder theoryc) Social normatived) Social contract theorye) Corporate social responsibility

Question

Shayna Hess

Business

9 January, 01:59

TJX's handling of its serious data breach is consistent with which one of the following? a) Stakeholder theoryb) Stockholder theoryc) Social normatived) Social contract theorye) Corporate social responsibility

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Aryn · Answer 1

Stockholder theory

Explanation:

Stockholder theory

This theory was introduced in 1960's by Milton Friedman,

According to this theory, The managers of the corporation have a duty to maximize the returns of the shareholder.

Therefore, due to the cyclic nature of the business hierarchy, the corporation is mainly responsible to its stockholders.