Which of the Following Describes the Socioeconomic Model of Social

question 35

Multiple Choice

Which of the following describes the socioeconomic model of social responsibility?

• A) holds that society will benefit most when business is left alone to produce and market profitable products
• B) holds that a firm is obligated to act only in the economic interests of its shareholders
• C) states that managers who concentrate on profit indirectly fulfil their social responsibilities
• D) emphasizes profits as well as the effect of business decisions on society