Which Statement Is Not an Argument "Against" Corporate Social Responsibility

question 11

Multiple Choice

Which statement is not an argument "against" corporate social responsibility?

• A)Society expects business to be socially responsible.
• B)A business involved in social issues can lose its focus on operating as effectively as possible.
• C)Dealing with social problems is the job of the government, not business.
• D)Competitors who are less socially responsible may gain a cost advantage.
• E)The sole responsibility of business is to maximize profits while obeying the law.

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Definitions:

Investment

The process of distributing funds or assets in anticipation of earning returns or profits.

Classicals

Economic theorists and policy makers from the 18th and 19th centuries who focused on free markets, competition, and the ideas of self-regulating economies.

Keynes

An economist who revolutionized economic thinking with theories on government spending's effects on economic cycles.

Depression

A prolonged and severe downturn in economic activity, characterized by significant unemployment, declining output, and deflation.