The ________ view of social responsibility holds that management's only social responsibility is to maximize profits.
A) socioeconomic
B) classical
C) sociocultural
D) neoclassical

Question

Quizplus · Accepted Answer

The classical view of social responsibility holds that the only responsibility of management is to maximize profits for shareholders and that any other social responsibilities are outside the scope of business. This view is often associated with economist Milton Friedman's famous statement that "the social responsibility of business is to increase its profits."

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