A leading proponent of the classical view argues that any time managers decide to spend their organization's resources for "social good" they are __________.
A) contributing social benefits in the name of goodwill
B) complying with government regulations
C) helping to make society a better place for everyone to live
D) adding to the costs of doing business
E) promoting a positive corporate image

Question

Quizplus · Accepted Answer

The classical view argues that the primary objective of a business is to maximize profits for its shareholders. Therefore, any decision to spend resources on social good is seen as adding to the costs of doing business, which may ultimately reduce profits.

A Leading Proponent of the Classical View Argues That Any