Business firms pursue several different types of goals.A(n)__________ goal may be set to balance the conflicting goals of stakeholders to promote their overall welfare,even at the expense of profits.
A)customer satisfaction
B)shareholder
C)profit minimization
D)social responsibility
E)employee welfare

Question

Quizplus · Accepted Answer

A social responsibility goal is set to balance the conflicting goals of stakeholders, which includes promoting the overall welfare of society and the environment, even at the expense of profits. This goal is focused on fulfilling the ethical, legal, and philanthropic responsibilities of the business firm.

Business Firms Pursue Several Different Types of Goals