Asked by Anthony Rabbit on May 02, 2024

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___ 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

Stockholder Model

A theory of corporate governance focusing on the interests and rights of shareholders as the primary concern of the company.

Social Responsibility

The obligation of individuals, organizations, and businesses to act for the benefit of society at large, beyond their own interests or profits.

Management's Responsibility

The obligations and duties of managers to make decisions, guide teams, and ensure the successful operation and strategic direction of the organization.

  • Recognize the different views and models of CSR, including the classical, socio-economic, and shared value views.
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Seiria FieldsMay 04, 2024
Final Answer :
D
Explanation :
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.