Modern corporation operates a steel mill. it has never contributed anything to the local community, and it knowingly pollutes both the air and the river that runs by its mill. the corporation's reasoning is that the cost of installing pollution control devices would diminish its profits, and it doesn't support the community because it provides jobs and doesn't think it owes anything else to the citizens in its area. donating to the community would also diminish profits. which theory of corporate social responsibility is modern corporation exhibiting?

Question

Business

Midge

4 October, 15:18

Modern corporation operates a steel mill. it has never contributed anything to the local community, and it knowingly pollutes both the air and the river that runs by its mill. the corporation's reasoning is that the cost of installing pollution control devices would diminish its profits, and it doesn't support the community because it provides jobs and doesn't think it owes anything else to the citizens in its area. donating to the community would also diminish profits. which theory of corporate social responsibility is modern corporation exhibiting?

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Answers (1)

Know the Answer?

Jake Hull · Answer 1

I guess the correct answer is the narrow view, or invisible hand theory.

The narrow view, or invisible hand theory, holds that producing profit is more important than being socially responsible.