Social responsibility and profit maximization are synonymous.

Question

Quizplus · Accepted Answer

Social responsibility and profit maximization are not synonymous as profit maximization focuses solely on increasing profits for the business whereas social responsibility takes into account the impact of the business's actions on society and the environment. A socially responsible business may prioritize factors such as sustainability, ethical practices, and community involvement, even if it may not directly result in immediate profits.

Social Responsibility and Profit Maximization Are Synonymous