Question: Select the statement that does not challenge the narrow view of the economic model of corporate social responsibility. *Important ethical and policy questions can be
Select the statement that does not challenge the narrow view of the economic model of corporate social responsibility.
*Important ethical and policy questions can be missed if policy decisions are left solely to the outcome of individual decisions.
*The "costs" of pollution are typically borne by parties external to the economic exchange, so free market exchanges cannot guarantee optimal results.
*Business's only responsibility is to maximize profit within the law, and in so doing, fulfills its role within a market system, which, in turn, serves the greater overall social good.
*Public goods such as a stable climate, clean air, and ocean fisheries have no established market price.
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