The ________ view of social responsibility holds that management's only social responsibility is to maximize profits

A) socioeconomic
B) classical
C) sociocultural
D) neoclassical

Answer: B

Business

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Which of the following is true of minimum wages in the United States of America?

A) States can enact laws that set minimum wages higher than the federal minimum wage. B) Cities are not allowed to have minimum wages different from what is set by the state or federal government. C) Living wage laws set lower minimum wages than the federal level. D) An employee who earns in tips must be paid minimum wage by the employer.

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The financial crisis of 2008-2009 caused an unusually large number of companies to cut their dividends

Indicate whether this statement is true or false.

Business