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Which of the Following Statements Best Describes Friedman's View of a Firm's

Question 26

Multiple Choice

Which of the following statements best describes Friedman's view of a firm's social responsibility obligation?


A) Friedman argued firms should perform social responsibility activities because businesses are a subset of society and therefore have a significant impact on the way society exists.
B) Friedman argued against firms' social responsibility activities because government already takes care of society.
C) Friedman argued against businesses performing social responsibility activities because the real responsibility for management is to reach profit objectives and increase the wealth of government officials.
D) Friedman argued against businesses performing social responsibility activities because he saw these activities as setting up a conflict of interest between actions necessary to conduct business and maximize profits versus actions focused on taking care of society's welfare.
E) Friedman argued for social responsibility activities because these activities increase the wealth of the firm's owners.

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