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

Question

Quizplus · Accepted Answer

The classical view of social responsibility holds that management's only social responsibility is to maximize profits. The socioeconomic view, on the other hand, holds that businesses should also aim to address societal issues and promote the welfare of communities. The contemporary view emphasizes a broader view of social responsibility, encompassing not only economic outcomes but also ethical and environmental concerns. The sociolegal view holds that businesses have responsibilities to satisfy legal expectations and fulfill social obligations.

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