GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Unsupported by logic
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Cost burden on consumers
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Non-availability of social skills
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All of the above
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Detailed explanation-1: -Violation of maximization of the profit motive: This statement argues that business exists only for maximizing profits and businesses fulfil their social responsibility best by maximizing profits by increasing efficiency and reducing costs.
Detailed explanation-2: -a Justification for existence and growth. b Long-term interest of the firm. c Avoidance of government regulations. d Availability of resources with business.
Detailed explanation-3: -An argument in favor of corporate social responsibility is that business is unavoidably involved in social issues.
Detailed explanation-4: -Detailed Solution. The correct answer is Stockholder interests. Stockholder interests is NOT an argument for the assumption of social responsibility by the business.