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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Learning Objectives
- Recognize the different views and models of CSR, including the classical, socio-economic, and shared value views.
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