Asked by Brittany Dobson on Jun 03, 2024
Verified
According to the classical view of CSR, the principal obligation of management should be to ___.
A) suppliers
B) owners
C) consumers
D) future generations
E) the state or local government
Classical View
A traditional perspective in economics and business that emphasizes efficiency, productivity, and profitability.
Principal Obligation
The main duty or commitment that a party is bound to fulfill under the terms of a contract or agreement.
Management
The process of organizing, planning, leading, and controlling resources to achieve organizational goals efficiently and effectively.
- Understand the multiple interpretations and models of Corporate Social Responsibility, such as classical, socio-economic, and shared value perspectives.
Verified Answer
Learning Objectives
- Understand the multiple interpretations and models of Corporate Social Responsibility, such as classical, socio-economic, and shared value perspectives.
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