Which one of the following arguments on social responsibility states that a business is socially responsible only when it pursues its economic interests?
A) public expectations
B) violation of profit maximization
C) superiority of prevention over cures
D) possession of resources

Question

Quizplus · Accepted Answer

The argument that a business is socially responsible only when it pursues its economic interests is the violation of profit maximization argument. This argument suggests that a business should focus solely on maximizing profits and that any actions taken to support social or environmental causes are a violation of its responsibility to its shareholders.

Which One of the Following Arguments on Social Responsibility States