To use a company's resources for a project that does not contribute to maximizing profits is sometimes acceptable and even sometimes required under the economic model of corporate social responsibility. a. Trueb. False

Question

Whitney Lawrence

Business

23 July, 17:22

To use a company's resources for a project that does not contribute to maximizing profits is sometimes acceptable and even sometimes required under the economic model of corporate social responsibility. a. Trueb. False

+1

Answers (1)

Know the Answer?

Anaya Mendoza · Answer 1

The correct answer is letter "B": False.

Explanation:

The economic model of corporate social responsibility mainly boosted by the ideas of American economist Milton Friedman (1912-2006) in his book "Capitalism of Freedom" (1962) states that the main purpose of businesses is to provide yield to its stakeholders and that it would be unfair to use the company's resources to activities that do not provide any profit to them. Besides, companies pay taxes to the government so they can use those funds to meet social needs.