NCERT · Class 11 · Business Studies · Social Responsibilities of Business and Business EthicsArguments against social responsibility include:
The primary argument against social responsibility is the maximization of profit business, which suggests that a business's primary responsibility is to its owners or shareholders by maximizing economic returns. Other social goals should be left to other institutions.
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.