Question

Your roommate argues that businesses should focus on the pursuit of profit. Your roommate is prescribing to the ____________ view of corporate social responsibility

a)socioeconomic
b)legal
c)classic
d)entrepreneurial

Answer 1

The correct answer is c) 'classic', representing the view of corporate social responsibility where businesses focus on pursuing profit for the benefit of shareholders.

Step-by-step explanation:

The correct answer is classic. By arguing that businesses should focus on the pursuit of profit, your roommate is prescribing to the classic view of corporate social responsibility.

This view, also known as shareholder primacy, states that the primary obligation of a business is to increase the wealth of its shareholders. In this view, executives are tasked with running the firm in the shareholders' best interests, with profit being the main goal.