All of the Following Are Arguments Against Increased Social Responsibility

question 170

Multiple Choice

All of the following are arguments against increased social responsibility except

• A) social issues are the responsibility of government officials elected for that purpose.
• B) companies should maximize profits, not solve society's problems, with their time, money, and talent.
• C) because social problems affect society in general, businesses should not be expected to solve these problems.
• D) social responsibility by firms can prevent increased government intervention.
• E) business managers are primarily responsible to stockholders and providing them a good return.

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Definitions:

Internal Users

Individuals within an organization, such as managers and employees, who use financial information for decision-making.

Accounting Information

Financial data and insights about the operations and financial position of a business, used by stakeholders to make decisions.

Employees

Individuals who work for a business or organization and receive compensation for their labor, either on a salary or hourly basis.

Financial Accounting Standards Board

The authoritative body that has the primary responsibility for developing accounting principles.