The classical view of social responsibility maintains that the organization must be concerned with the broader social welfare andnotjust with corporate profits.

Question

Carlos Lindner · Accepted Answer

Final Answer : False, Explanation :  The classical view of social responsibility argues that the primary responsibility of a business is to maximize profits for its shareholders, rather than focusing on broader social welfare issues.

The classical view of social responsibility maintains that the organization must be concerned with the broader social welfare and not just with corporate profits.

Definitions

Learning Objectives

Learning Objectives

Related questions