In Carroll's model of corporate social responsibility,economic responsibility implies that:
A) companies should make a profit consistent with expectations.
B) companies should invest all their profits in social improvement programs.
C) companies should avoid operating with the motive of obtaining profit.
D) companies should make a profit at all costs,to maximize shareholder benefits.
E) companies should minimize or eliminate activities that are not profitable.

Question

Quizplus · Accepted Answer

In Carroll's model, economic responsibility is the foundation of corporate social responsibility. This means that companies should prioritize making a profit that is consistent with expectations to ensure their survival and ability to fulfill other responsibilities. It does not mean investing all profits in social programs, avoiding profit motives, or sacrificing ethics for profit. Similarly, while minimizing unprofitable activities may be beneficial, it is not the primary focus of economic responsibility.

In Carroll's Model of Corporate Social Responsibility,economic Responsibility Implies That