Economist Milton Friedman argued that the only social responsibility of business is:
A) to increase profits
B) to do right by others
C) to follow the law
D) to increase shareholder values
E) to not harm the environment
Correct Answer:
Verified
Q3: Social responsibility of business deals with the
Q4: In the Case Opener, a defendant sought
Q5: Business ethics is the application of ethics
Q6: Business ethics and regular ethics are the
Q7: The terms shareholder and stakeholder have the
Q9: Law and business ethics serve as an
Q10: The community in which a firm operates
Q11: In an ethical analysis using the WH
Q12: Consequentialism provides a rigid set of rules
Q13: One form of consequentialism is utilitarianism.
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