Milton Friedman would have agreed with which of the following statements about social responsibility?
A)A company will produce higher quality products when it practices social responsibility.
B)A company will increase its sales when it practices social responsibility.
C)A company will be able to create better jobs when it practices social responsibility.
D)A company will become distracted from its task to maximize profits when it practices social responsibility.
E)A company will provide improved value when it practices social responsibility.

Question

Quizplus · Accepted Answer

Friedman represents the view that "the social responsibility of business is to make profits." Unless a company focuses on maximizing profits, it will become distracted and fail to provide goods and services, benefit the stockholders, create jobs, and expand economic growth, which is the real social justification for the firm's existence.

Milton Friedman Would Have Agreed with Which of the Following