The social responsibility perspective argues that ________.
A) the basis of all rights stem from freedom and autonomy
B) firms are accountable only to shareholders
C) society grants existence to firms
D) costs and benefits should be equitably distributed

Question

Quizplus · Accepted Answer

The social responsibility perspective argues that society grants existence to firms, and therefore, they have a responsibility to act in the best interest of society. This perspective suggests that firms should consider not only the interests of their shareholders but also the interests of other stakeholders, such as customers, employees, and the broader community. This includes taking into account the social and environmental impacts of their operations and ensuring that the costs and benefits are equitably distributed across all stakeholders. Option A describes the basis of rights and autonomy, while option B represents the shareholder perspective. Option D is similar to the social responsibility perspective but does not capture the idea that firms exist because of society's grant of privilege.

The Social Responsibility Perspective Argues That ________