The Classical View of Organizational Social Responsibility Is That Management's

question 51

True/False

The classical view of organizational social responsibility is that management's only social responsibility is to maximize profits.

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Definitions:

LLC

Limited Liability Company, a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities.

LLC

Limited Liability Company, a flexible form of enterprise that blends elements of partnership and corporate structures, providing limited liability to its owners.

Business Tax Return

The documentation filed to report a business's income, expenses, and other tax information to government tax authorities.

Form 1040 Schedule C

A tax form used by sole proprietors to report business income and expenses to the IRS.