Which one of the following is NOT one of the arguments against social responsibility as used by economist Milton Friedman?
A) Spending money for social responsibility is spending the stockholder's money for a general social
Interest.
B) Businesses can actually do very little in terms of social responsibility.
C) Spending money on social responsibility is acting from motives other than economic and may, in the long run, cause harm to the very society the firm is trying to help.
D) There is one and only one social responsibility of business -- to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.
E) Through taking on the burden of social costs, the organization becomes less efficient causing price increases or postponement of growth.
Correct Answer:
Verified
Q12: Catalyst board of directors typically
A) are less
Q13: Which of the following is a trend
Q14: Affiliated directors are
A) employees of the corporation.
B)
Q15: An outside director selected by the board
Q16: The responsibilities that management of a business
Q18: Which of the following is NOT a
Q19: The vast majority of outside directors are
Q20: In a large corporation, the agents in
Q21: The term "social responsibility" can be viewed
Q22: A group of people who affect or
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