___ is the social responsibility view holding that management's only responsibility in running a business is to maximize profits.
A) The stockholder model
B) The free market model
C) The corporate view
D) The classical view
E) The socio-economic view

Question

Quizplus · Accepted Answer

The classical view, often associated with economist Milton Friedman, posits that a company's primary responsibility is to its shareholders and thus its main goal should be to maximize profits within the bounds of the law.

___ Is the Social Responsibility View Holding That Management's Only