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Chapter 5 Social Responsibility and Managerial Ethics True/False Questions WHAT IS SOCIAL RESPONSIBILITY? The classical view of organizational social responsibility is that management’s only social responsibility is to maximize profits. (True; moderate; p. 116; AACSB: Ethics) The most outspoken advocate of the classical view of organizational social responsibility is Milton Friedman. (True; easy; p. 116; AACSB: Ethics) In the socioeconomic view of organizational social responsibility, maximizing profits is a company’s second priority. (True; moderate; p. 116; AACSB: Ethics) At Stag