In 1970, Milton Friedman published an article titled "The Social Responsibility of Business Is to Increase Its Profits," which raised ethical questions about how for-profit companies balance their need to make money with their responsibilities as corporate citizens. At the heart of the matter are competing loyalties. What are those competing loyalties?
A) Loyalty to society and shareholders
B) Loyalty to principles and ethics
C) Loyalty to journalists and PR firms
D) Loyalty to Congress and the Supreme Court

Question

Quizplus · Accepted Answer

Friedman's article discusses the tension between a company's responsibility to maximize profits for its shareholders and its broader social responsibilities to society.

In 1970, Milton Friedman Published an Article Titled "The Social