Business has an obligation to ____, according to managers supporting the ____ view.

A) all stakeholders; socioeconomic
B) stockholders only; socioeconomic
C) customers only; neo-classical
D) pay taxes; classical economic
E) maximize profits; concentric

Socioeconomic

Pertaining to the relationship between social and economic elements.

Neo-classical

Pertaining to a 19th and early 20th-century revival of interest in classical economic theories, focusing on marginal utility, distribution of resources, and the roles of supply and demand.

Classical Economic

refers to a school of thought in economics that emphasizes the importance of free markets, competition, and the self-regulating nature of economic systems, originating mainly from the ideas of Adam Smith.