Which of the following is associated with the classical view of social responsibility?
A) economist Robert Reich
B) concern for social welfare
C) financial return for stockholders
D) voluntary activities
E) responsibility toward all stakeholders

Question

Quizplus · Accepted Answer

The classical view of social responsibility is based on the belief that a company's only social responsibility is to maximize profits for its shareholders. This view is associated with the economist Milton Friedman, who argued that the only social responsibility of business is to increase its profits within the rules of the game. Therefore, financial return for stockholders is the choice associated with the classical view of social responsibility.

Which of the Following Is Associated with the Classical View