Is the Shareholder Primacy Ideology (SPI) misguided? Why?

A. SPI is misguided because it is grounded on the assumption that a corporation has no social responsibility.

B. SPI is misguided because it is grounded on the assumption that shareholders are owners of the corporation and therefore managers hired to run the corporation should focus solely on maximizing shareholders' value.

C. Both (a) and (b) are the reasons why the SPI is misguided.

D. The SPI is not misguided.