The socio-economic 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
E) obeying the law

Question

Quizplus · Accepted Answer

The socio-economic view of management is that it has a responsibility to society that goes beyond solely making profits. This includes protecting and improving society's welfare, such as through ethical practices, community involvement, and environmental sustainability. While maximizing efficiency, obeying the law, and maximizing employment opportunities may be important factors for management, they do not fully encompass the social responsibility aspect of the socio-economic view.

The Socio-Economic View Is That Management's Social Responsibility Goes Beyond