Question

According to harold johnson (1971), the lexicographic view of social responsibility implies that:

Answer 1

The lexographic view of corporate social responsibility implies that businesses are only concerned with using free and fair business practices.  Equal pay for equal work to employees.  Supply of high quality products of best standards to customers.  Getting products certified with reputed quality control agencies also comes under lexographic measures of corporate social responsibility.

Answer 2

Explanation:

• Finally, Johnson offered the “lexicographic view of social responsibility”, explaining that “lexicographic utility theory suggests that strongly profit-motivated firms may engage in a socially responsible behavior.

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