The belief that businesses are being socially responsible when they attend only to economic interests is known as which argument against a firm's being socially responsible?

Question

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The argument that businesses should focus solely on economic interests and profit maximization is known as the shareholder theory. This theory asserts that businesses have no social responsibility beyond maximizing profits for their shareholders. Therefore, it can be considered a violation of profit maximization. The other options, dilution of purpose, costs, too much power, and lack of accountability, are arguments in favor of businesses being socially responsible.

The Belief That Businesses Are Being Socially Responsible When They