"The Social Responsibility of Business Managers Is Simply to Pursue

question 57

Essay

"The social responsibility of business managers is simply to pursue profit within the law." How does the economic model of CSR justify this statement?

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Definitions:

Short-Term Investment

Financial assets that are expected to be converted into cash or sold within a year.

Monetary Assets

Monetary assets are financial assets that are cash or can be quickly converted into a known amount of cash with minimal risk of changes in value.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Notes Receivable

Financial assets representing money owed to the holder of the note, usually in the form of a formal written agreement.