The Socioeconomic Model of Social Responsibility

question 18

Multiple Choice

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) emphasizes that social responsibility is someone else's responsibility.
• C) holds that a firm is legally obligated to act in the economic interests of its stockholders.
• D) states that managers who concentrate on profit indirectly fulfill their social responsibilities.
• E) emphasizes profits as well as the effect of business decisions on society.