According to Professor Edward Freeman, which of the following is true of ethics and corporate responsibility?

A. Managers can benefit their organizations only by growing profits.
B. It is not the responsibility of managers to behave ethically when dealing with their stakeholders.
C. Managers can benefit their organizations by growing profits as well as behaving ethically toward stakeholders.
D. Managers must emphasize ethical behavior toward stakeholders at the cost of growing profits.
E. In business, it is a myth that profits and ethical behavior go hand in hand.

Ans: C. Managers can benefit their organizations by growing profits as well as behaving ethically toward stakeholders.