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Which argument against social responsibility says business exists only to earn as much as possible?
ALack of the required skills
BLack of broad public support
CViolation of profit maximisation
DBurden on the poor consumers
Answer & Solution
Correct answer: C. Violation of profit maximisation
1. It treats social spending as a distraction.
2. Efficiency and low cost are its answer.
3. That is the profit maximisation argument.
_Source: NCERT Class 11 Business Studies, Chapter 6, Social Responsibilities of Business and Business Ethics._
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