The economic model of social responsibility was developed in a period when the primary concern of firms was
A) long-term success and profitability.
B) improving the quality of life.
C) short-run profits and survival.
D) complete customer satisfaction and expansion.
E) having safe and satisfied employees.

Question

Quizplus · Accepted Answer

The economic model of social responsibility was developed during a period when the primary concern of firms was short-run profits and survival. This model suggested that a company's sole responsibility was to maximize profits for its shareholders while obeying the law.

The Economic Model of Social Responsibility Was Developed in a Period