The classical view of social responsibility holds that management's only social responsibility is to maximize __________.
A) social welfare
B) product quality
C) efficiency
D) employee compensation
E) profits

Question

Quizplus · Accepted Answer

The classical view of social responsibility, also known as the profit maximization view, holds that a company's only social responsibility is to maximize profits for its owners or shareholders. It argues that businesses should focus on their economic performance, rather than be concerned with social issues outside of their regular business activities.

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