Advocates of a professional obligation theory argue that business managers have a responsibility to the public beyond merely making profits.

Question

Quizplus · Accepted Answer

Advocates of a professional obligation theory argue that business managers have a responsibility to the public beyond merely making profits, which includes a wider range of ethical and social responsibilities towards employees, customers, stakeholders, and society as a whole. This approach emphasizes the importance of corporate social responsibility (CSR) and sustainable business practices that align economic, environmental, and social goals. Therefore, businesses should not only focus on maximizing shareholder value but also contribute to the common good and promote a better world.

Advocates of a Professional Obligation Theory Argue That Business Managers