What is the classical view of management's social responsibility?Select one:a.To maximise profitsb.To protect and improve society's welfarec.All of thesed.To create specific environment in work place
Question
What is the classical view of management's social responsibility?Select one:a.To maximise profitsb.To protect and improve society's welfarec.All of thesed.To create specific environment in work place
Solution
The classical view of management's social responsibility is a. To maximise profits. This view holds that management's only responsibility is to maximize profits for the owners of the business. This means that the business should be focused on making as much money as possible, while still staying within legal and ethical boundaries.
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