The classical view of social responsibility holds that management's only social responsibility is to ________.
A) maximize adherence to the laws for stockholders
B) minimize adherence to the laws for stockholders
C) maximize organizational profits for stockholders
D) maximize organizational profits for stakeholders

Question

Quizplus · Accepted Answer

The classical view of social responsibility, often associated with economist Milton Friedman, posits that a business's primary responsibility is to maximize profits for its shareholders, as long as it operates within the law.

The Classical View of Social Responsibility Holds That Management's Only