Which of the following arguments on social responsibility states that a business is socially responsible only when it pursues its economic interests?
A) costs
B) violation of profit maximization
C) superiority of prevention over cures
D) too much power

Question

Quizplus · Accepted Answer

The argument that a business is socially responsible only when it pursues its economic interests is known as the violation of profit maximization. It suggests that a company's primary responsibility is to maximize profits for its shareholders, and any actions taken in the name of social responsibility should not negatively impact the bottom line. This view is often criticized as being too narrow and failing to consider the broader impacts and responsibilities of a company beyond just financial gains.

Which of the Following Arguments on Social Responsibility States That