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Question
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?
A. the narrow view, or invisible hand theory
B. the moderate view, or government's hand theory
C. the hybrid view, or citizen's hand theory
D. the broad view, or management's hand theory
Answer
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