a) strict governmental controls are necessary if society is to maximize its overall economic well-being. b) corporate officials have a social responsibility that goes beyond serving the interests of their stockholders. c) corporations today should adopt a broader view of their social responsibilities than they have in the past. Question 21 (2 points) (1) Listen

Strict governmental controls have often been seen as crucial in regulating economic disparities, ensuring that wealth is more evenly distributed across society. Historical examples like the New Deal in the 1930s show how government intervention can protect the vulnerable and boost the economy during tough times. It’s like having a referee in a game—without rules, things can get messy! Corporate social responsibility (CSR) is increasingly recognized as essential in today’s business climate. Companies are under pressure to consider environmental sustainability, ethical labor practices, and community impact. Brands like Patagonia exemplify this by prioritizing environmental efforts alongside profitability. By weaving social responsibility into their business models, corporations can foster goodwill and loyalty among consumers, proving that profit and purpose can beautifully coexist!