The socioeconomic view of social responsibility is that a for-profit organization's responsibility is ________.
A)to maximize stockholder wealth
B)to maximize both profits and the general welfare
C)to do what only the law requires
D)to maximize opportunities for citizens in developing countries

Question

Quizplus · Accepted Answer

The socioeconomic view of social responsibility posits that for-profit organizations should not only aim to maximize profits but also consider the broader impact of their actions on the general welfare of the community. This perspective encourages businesses to take into account the social and environmental consequences of their operations.

The Socioeconomic View of Social Responsibility Is That a For-Profit