The socioeconomic view is that management's social responsibility goes beyond making profits to include ________.
A)maximizing efficiency
B)protecting and improving society's welfare
C)protecting and improving the welfare of employees
D)maximizing employment opportunities

Question

Quizplus · Accepted Answer

The socioeconomic view emphasizes that management's social responsibility extends beyond simply making profits to include protecting and improving society's welfare. This involves taking into account the impact of business decisions on society as a whole, including issues such as environmental sustainability, social justice, and corporate philanthropy. Maximizing efficiency and employment opportunities are important goals for businesses, but they are not the sole focus of management's social responsibility. Similarly, while protecting and improving the welfare of employees is an important aspect of social responsibility, it is only one part of the broader socioeconomic perspective.

The Socioeconomic View Is That Management's Social Responsibility Goes Beyond