Which of the following statements best aligns with Milton Friedman's argument against business performing social responsibility activities?
A) Social responsibility compels managers to spend money on some individuals that rightfully belongs to other individuals.
B) Social responsibility is not mandated by law,which means that it has to be done by will,not by compulsion.
C) Empirical studies have not yet demonstrated a definitive relationship between corporate social responsibility and profitability.
D) Profitability and growth go hand-in-hand with responsible treatment of employees,customers,and the community.
E) Firms use social responsibility to increase their brand awareness.
Correct Answer:
Verified
Q1: Today's managers are said to need to
Q2: Adherence to legislated social responsibilities is the
Q3: The primary function of the Office of
Q4: Which of the following is the primary
Q6: Billy has been asking about the pros
Q7: Social responsibility is the managerial obligation to
Q8: Being socially responsible requires businesses to have
Q9: Empirical studies,conducted by various corporations in the
Q10: Haroon wants to file a complaint against
Q11: The guiding premise of the Equal Employment
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents