The socioeconomic view is that management's social responsibility goes beyond making profits to include__________ .

Question

Quizplus · Accepted Answer

The socioeconomic view of management's social responsibility is that it goes beyond solely focusing on making profits for the organization, and instead includes protecting and improving society's welfare. This includes considerations such as social and environmental sustainability, ethical business practices, and stakeholder satisfaction. Option B is incorrect as it directly contradicts the concept of social responsibility. Option C is partially correct, but only insofar as protecting and improving the organization's profits are not in direct conflict with protecting and improving society's welfare. Option D is irrelevant and unrelated to the discussion of management's social responsibility.

The Socioeconomic View Is That Management's Social Responsibility Goes Beyond