The socioeconomic view of social responsibility is that a for-profit organization's responsibility is ________
A) to maximize stockholder wealth
B) to maximize both profits and the general welfare
C) to do what only the law requires
D) to maximize opportunities for citizens in developing countries
Answer: B
Explanation: The socioeconomic position, goes beyond the ideas presented in the classical view, which focused on maximizing profits. According to the socioeconomic view, management's responsibility includes making profits and protecting and improving society's welfare.
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