The belief that businesses are being socially responsible when they attend only to economic interests is known as which argument against a firm being socially responsible?

Question

Quizplus · Accepted Answer

The belief that businesses are being socially responsible when they attend only to economic interests falls under the violation of profit maximization argument against a firm being socially responsible. This argument states that businesses have a responsibility to their shareholders to maximize profits and prioritize economic interests over social or environmental concerns.

The Belief That Businesses Are Being Socially Responsible When They