Firms must be aware of goals other than short-term profit maximization.One area of concern should be social responsibility which is:
A) the expectation that business will strive to improve the overall welfare of society
B) the idea that organizations are solely responsible to local citizens
C) the fact that court costs could impact the financial bottom line
D) the idea that businesses are responsible to maintain a healthy social climate for their employees

Question

Quizplus · Accepted Answer

Social responsibility is the expectation that businesses or individuals will strive to improve the overall welfare of society. From the perspective of a business, this means that managers must take active steps to make society better by virtue of the business being in existence.

Firms Must Be Aware of Goals Other Than Short-Term Profit