The Manager of a Large Chain Recently Spoke to a Group

question 168

Multiple Choice

The manager of a large chain recently spoke to a group of college students about making it in the business world.He focused particularly on the importance of fulfilling the purpose of the business organization: that is,to produce and market profitable products needed by society.In so doing,he indicated that a stockholder,not the society as a whole,invests in a corporation to earn a return on his or her investment and that a firm is legally obligated to act in stockholders' interests.What concept do the manager's comments reveal?

• A) Socioeconomic model of social responsibility
• B) Economic model of social responsibility
• C) Strictest model of social responsibility
• D) Consumerism
• E) Rights of employees