Question

question 13

opponents of corporate social responsibility believe that the social responsibility of business is to provide employment, safe working conditions, and profit to the owners.

true
false

Explanation:

Analyze the opponent perspective on corporate social responsibility

Opponents of corporate social responsibility (CSR), most notably classical economists like Milton Friedman, argue that the primary social responsibility of business is to maximize profits for its owners/shareholders while operating within the rules of the law. They believe that providing employment, safe working conditions, and generating profit are the fundamental ways a business contributes to society, rather than engaging in broader social or philanthropic activities.

Evaluate the statement

The statement asserts: "Opponents of corporate social responsibility believe that the social responsibility of business is to provide employment, safe working conditions, and profit to the owners." This aligns directly with the classical view of business responsibility, making the statement true.

Answer:

• True (Correct answer)
• False