Home › CBSE Class 11 (Commerce) › Business Studies › Social Responsibility of Business and Business Ethics › Which argument says social responsibility limits…
Which argument says social responsibility limits the aim of earning maximum profit?
AMaintenance of society
BBetter business climate
CLoss of profit aim
DLong-term firm interest
Answer & Solution
Correct answer: C. Loss of profit aim
Those against social responsibility say business exists only for profit, so social work violates the profit maximisation objective.
Related questions
Audits and reporting systems for unethical acts areWhich element of business ethics requires the CEO to openly back ethical conduct?A written document laying down an organisation's ethical rules is calledWhich is an example of business ethics?The word 'ethics' is traced to a Greek word meaningThe Wildlife Protection Act was enacted in which year?Which law of 1986 protects the environment?Which is a business step for environmental protection?