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

What is corporate social responsibility (CSR)? Is the principle of CSR one that is likely to...

What is corporate social responsibility (CSR)? Is the principle of CSR one that is likely to be widely adopted by companies around the world. Is it likely to significantly change corporate behaviour? Will behavioural change benefit the public? In your answer refer to examples of companies debating CSR or implementing practices of CSR.

Which of the following would most likely reduce mean arterial pressure (MAP)? a. increased inotropism b....

Which of the following would most likely reduce mean arterial pressure (MAP)? a. increased inotropism b. increased vasodilation c. increased venous return d. increased cardiac output e. increased plasma colloid osmotic pressure

Organizations that emphasize social responsibility and adhere to a set or corporate ethics will likely gain...

Organizations that emphasize social responsibility and adhere to a set or corporate ethics will likely gain competitive advantages in the market place and avoid costly litigation and loss of reputation. Due to high levels of corporate fraud in the 1990s with companies such as Enron and Global Crossing, Congress passed the Sarbanes Oxley Act of 2002 that set new increased standards for the boards of public U.S. companies and accounting firms. Read the different sections and provisions of the Sarbanes...

The goal of maximizing shareholder wealth cannot ignore corporate responsibility to social issues and cannot operate...

The goal of maximizing shareholder wealth cannot ignore corporate responsibility to social issues and cannot operate without ethical standards. Eventually, long-term abuse and irresponsible corporate social behavior will negatively impact the overall value of the firm. The financial crisis of 2008 saw the end of many financial institutions such as Bear Stearns, Lehman Brothers and Washington Mutual. What was the main cause of this financial meltdown and how could have it been avoided?

A firm is capital intense in its operations, like a railroad.This firm will most likely...

A firm is capital intense in its operations, like a railroad. This firm will most likely have a:a.low Profit Margin on Salesb.low Total Asset Turnoverc.low Liquidityd.low Stock Price

Who would you say had the greatest responsibility within the marketing research industry to raise the...

Who would you say had the greatest responsibility within the marketing research industry to raise the standards of ethics – market research suppliers, market research clients, or field services? Why?

1. Which of the following goods would be the most likely to be subject to a...

1. Which of the following goods would be the most likely to be subject to a government-imposed tax? A Cereal B Bottles of alcohol, such as whiskey and gin C Shoes 2. Which of the following is likely to have the largest elasticity of supply? A The producer of vanilla ice cream B The producer of yachts C A dentist 3. Assume that as your income increases, your consumption of burgers decreases. We can assume that your income elasticity of...

What would Kant likely say about the moral permissibility of lying on a resume? (A thorough...

What would Kant likely say about the moral permissibility of lying on a resume? (A thorough answer to this question will tell me both what he thinks and why he thinks it).

Which of these risks would most likely be a diversifiable risk for investors? A. The US...

Which of these risks would most likely be a diversifiable risk for investors? A. The US dollar strengthens, making exports more expensive for non-US customers B. Congress passes legislation that raises the corporate tax rate. C. A hurricane damages factories near the Gulf Coast. D. The Federal Reserve increases the interest rate.

Which of the following would be most likely to increase the supply of loanable funds and...

Which of the following would be most likely to increase the supply of loanable funds and lead to low interest rates? a. Expansionary monetary policy that resulted in high rates of inflation. b. Constant policy shifts that generate uncertainty and reduce investment. c. Demographic shifts that increase the number of people in age categories with high saving rates relative to the number in age categories with a strong demand for loanable funds. d. Large budget deficits that push the government...

Question