The socioeconomic view is that management's social responsibility goes beyond making profits to include ________.
A)challenging norms within society and inciting people to rise up against injustice
B)protecting and improving society's welfare
C)sacrificing its own welfare to advance the cause of justice
D)prosecuting those who break the law

Question

Quizplus · Accepted Answer

The socioeconomic view of management's social responsibility is based on the idea that businesses are not only responsible for making profits, but also for protecting and improving the welfare of society as a whole. This view argues that businesses have a duty to promote social justice, reduce poverty, and address other social and environmental issues, even if doing so may not be immediately profitable. Option A is incorrect as inciting people to rise up against injustice could be seen as encouraging violence, which is not something that businesses should do. Option C is incorrect as sacrificing its own welfare is not a sustainable approach for a business. Option D is incorrect as prosecuting wrongdoers is the role of law enforcement, not businesses.

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