Which of the following is associated with the classical view of social responsibility?
A) stockholder financial return
B) concern for social welfare
C) economist Robert Reich
D) voluntary activities

Question

Quizplus · Accepted Answer

The classical view of social responsibility emphasizes that the primary responsibility of a business is to its shareholders, meaning the main goal should be to maximize financial returns. This view is often associated with economists like Milton Friedman, who argued that businesses should focus on profit maximization within the bounds of the law, rather than on broader social welfare concerns.

Which of the Following Is Associated with the Classical View