According to the social responsibility perspective,managers should ________.
A) maximize returns to shareholders
B) not consider the concerns of stakeholders beyond the firm's shareholders
C) balance returns to shareholders against legitimate concerns of stakeholders
D) minimize returns to shareholders and maximize returns to stakeholders

Question

Quizplus · Accepted Answer

The social responsibility perspective suggests that managers should balance returns to shareholders (maximizing profits) with the legitimate concerns of stakeholders. This means considering the impact of the company's actions on all parties affected, such as employees, customers, suppliers, and the broader community. This approach recognizes that a company's success depends not just on financial performance, but also on the relationships it builds with stakeholders and its contribution to societal well-being.

According to the Social Responsibility Perspective,managers Should ________