A leading proponent of the classical view argues that anytime managers decide on their own to spend their organization's resources for the "social good," they are ________.
A) contributing social benefits in the name of goodwill
B) helping make society a better place for everyone to live
C) adding to the costs of doing business
D) following governmental regulations

Question

Quizplus · Accepted Answer

The classical view of management, particularly associated with economist Milton Friedman, posits that the primary responsibility of managers is to maximize shareholder value. Spending resources on social good is seen as an additional cost that does not directly contribute to profit maximization.

A Leading Proponent of the Classical View Argues That Anytime