The traditional view of social responsibility states that
A) corporations should exist only to represent the stockholders.
B) corporations must represent all stakeholder groups.
C) corporations should operate on the basis of their suppliers' interests.
D) corporations function as a measure of consumer behavior.
E) corporations forecast their goals on the basis of pending legislation.

Question

Quizplus · Accepted Answer

The traditional view of social responsibility suggests that the primary responsibility of corporations is to their stockholders, meaning they should focus on generating profit and maximizing shareholder value. This view emphasizes the economic function of businesses and their obligation to investors.

The Traditional View of Social Responsibility States That