Question

Which of the following arguments on social responsibility states that there is no direct line of responsibility for social actions?

A) Social obligation perspective
B) Stakeholder perspective
C) Profit-maximization perspective
D) Social responsibility perspective

Answer 1

The Profit-maximization perspective argues that there is no direct line of responsibility for social actions and that businesses should focus solely on maximizing profits for shareholders.

Step-by-step explanation:

The argument on social responsibility that states that there is no direct line of responsibility for social actions is the Profit-maximization perspective. According to this perspective, the primary responsibility of businesses is to maximize profits for their shareholders, and there is no inherent obligation for businesses to take direct actions for the benefit of society.

This perspective argues that businesses should focus solely on their financial interests, and any social actions they take should be a result of government regulations, not an inherent responsibility.