Which of the Following Is Associated with the Classical View

question 1

Multiple Choice

Which of the following is associated with the classical view of social responsibility?

• A)economist Robert Reich
• B)concern for social welfare
• C)shareholder financial return
• D)voluntary activities
• E)ethical behaviours

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Definitions:

Consumer Goods

Products that are purchased by individuals for personal or household use, rather than by businesses or for industrial purposes.

Oral Express Warranties

Verbal promises made by a seller to a buyer about the nature or quality of the product being sold.

Sales Agreement

A contract between a buyer and seller outlining the terms and conditions of a sale of goods or services.

Liability

The state of being legally responsible for something, often referring to financial obligations incurred through actions or by contract.