Nobel Prize winning economist Milton Friedman believed that:
A) managers that pursue social initiatives with corporate funds are morally correct and pursuing a path that is required regarding their fiduciary duties owed to stakeholders.
B) Adam Smith's belief that the common good is best served when economic institutions don't pursue a common good but instead pursue an economic advantage is wrong and misguided.
C) the only responsibility a business has is to maximize shareholder wealth.
D) Adam Smith's " invisible hand" theory that the profits realized by amoral business are justification for the organization's acts and will ultimately be accepted by society
Correct Answer:
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