Which of the following is NOT true about profit maximization theory? OA. Profit maximization theory holds that the interests of other constituencies (eg, employees, suppliers, residents of the communities in which businesses are located) must be given consideration over profit B. Profit maximization theory holds that the interests of other constituencies (eg, employees, suppliers, residents of the communities in which businesses are located) are not important in and of themselves OC. The traditional view of the social responsibility of business is that business should maximize profits for shareholders OD. Friedman asserted that in a free society, "there is one and only one social responsibility of business-to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception and fraud." OE. Milton Friedman, who won the Nobel Prize in economics when he taught at the University of Chicago, advocated the theory of maximizing profits for shareholders