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Profits should only be made as a return of service to the society by producing goods and services. The long-term-term interest in the firm: A firm is to gain maximum profits in the long run if it has it's the highest goal as service to society.
Which of the following is an argument for increased social responsibilities quizlet?An argument for increased social responsibility is the fact that, because business managers are primarily responsible to business owners, they must be concerned with providing a return on the owners' investments.
What is an argument against social responsibility quizlet?Arguments Against Social Responsibility. - purpose of business in US society is to generate profit for owners. - involvement in social programs gives business too much power. - potential for conflicts of interest. - business lacks expertise to manage social programs.
Which of the following is an argument against companies focusing on social responsibility?Some of the most commonly heard arguments against CSR you will hear include: Businesses are owned by their shareholders - money spent on CSR by managers is theft of the rightful property of the owners. The companies that focus most on CSR are not successful businesses in the marketplace.
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Which of the following is an argument that supports social responsibility quizlet?
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