Which of the following describes the socioeconomic model of social responsibility?
A) holds that society will benefit most when business is left alone to produce and market profitable products
B) holds that a firm is obligated to act only in the economic interests of its shareholders
C) states that managers who concentrate on profit indirectly fulfil their social responsibilities
D) emphasizes profits as well as the effect of business decisions on society

Question

Quizplus · Accepted Answer

The socioeconomic model of social responsibility emphasizes both profits and the effect of business decisions on society. It recognizes that businesses have a responsibility to contribute to the betterment of society while also generating profits.

Which of the Following Describes the Socioeconomic Model of Social