The classical view of social responsibility holds that management's only social responsibility is to ________.
A)improve social welfare
B)enhance product quality
C)strengthen employee relations
D)maximize profits

Question

Quizplus · Accepted Answer

The classical view of social responsibility, also known as the economist view, states that the only social responsibility of business is to maximize profits for shareholders. This view emphasizes that businesses should focus on their primary goal of making profits and that social responsibility falls outside their primary focus.

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