Critics of business offer all but which of the following arguments

Subject : Business

Question: Critics of business offer all but which of the following arguments to support their contention that business must help resolve societal problems?

A) Social contract.

B) Expertise.

C) Involvement in social causes makes good business sense.

D) The more responsibly companies act, the less government must regulate them.

Expert Verified Solution:

The correct answer is:

B) Expertise.

Explanation:

Critics of business often argue that companies should help resolve societal problems for several reasons:

A) Social contract: This argument suggests that businesses have a moral and ethical obligation to contribute to societal well-being as part of an implicit agreement with society.

C) Involvement in social causes makes good business sense: This argument posits that addressing social issues can enhance a company’s reputation, attract customers, and ultimately benefit the business.

D) The more responsibly companies act, the less the government must regulate them: This argument implies that responsible corporate behavior can reduce the need for government intervention and regulation.

B) Expertise is not typically cited as an argument for why businesses should resolve societal problems. While businesses may have expertise in certain areas, the arguments for businesses addressing societal issues generally focus on ethical obligations, business benefits, and reducing regulatory needs.