According to the classical view of CSR, the principal obligation of management should be to _____.
A) suppliers
B) owners
C) consumers
D) future generations
E) the state or local government

Question

Quizplus · Accepted Answer

According to the classical view of CSR, the principal obligation of management is towards the owners or shareholders, as they have invested their money in the company and expect a return on their investment. This view emphasizes that the purpose of a business is to maximize profits and that anything that distracts from this goal is not in the best interest of the business. Other stakeholders, such as consumers, suppliers, and the government, are seen as secondary concerns that are important only to the extent that they contribute to the bottom line. Future generations are not typically included in the classical view of CSR, as it is focused on short-term profitability rather than long-term sustainability.

According to the Classical View of CSR, the Principal Obligation