Supporters of increased social responsibility would most likely say that the goal of a firm is to _______

maximize profits while obeying the law.

create value and benefits for owners, employees, and society.

beat the competition and stay in business.

provide jobs for the community and make a reasonable profit.

maximize shareholders' wealth.

Expert Solution

Answer - Option B

Create value and benefits for owners , employees and society

The social responsibility of business is to give attention to the social needs too apart from the profit making objective. It includes giving more jobs , create benefit for society , increase shareholder wealth. Thus all the options are comprised in this statement. Hence option B will be correct

Rahul Sunny answered 2 years ago

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