A social responsibility theory of business which says that a corporation's duty is to make a profit while avoiding causing harm to others is referred to as ________.
A) stakeholder interest
B) corporate citizenship
C) maximizing profits
D) moral minimum

Question

Quizplus · Accepted Answer

The theory described in the question is known as the moral minimum or the minimalist view, which suggests that businesses have a social responsibility to avoid causing harm to others while they pursue profit. This view falls short of the more comprehensive stakeholder view, which holds that corporations have a responsibility to not only avoid harm but also make a positive impact on society and the environment. Corporate citizenship refers to a company's efforts to be a responsible member of the community, which can include actions such as charitable giving and volunteerism. Maximizing profits is a narrow view that prioritizes profit over all other considerations.

A Social Responsibility Theory of Business Which Says That a Corporation's