According to Milton Friedman, if managers hire economically disadvantaged youths they:
A) are simply stealing from the firm's owners
B) are not considering the firm's economic needs and financial well-being
C) are justified in doing so because it's the right thing to do for society
D) will be correct in their actions if the hirings pay off financially for the firm
E) none of the above

Question

Quizplus · Accepted Answer

According to Milton Friedman, the primary responsibility of a manager is to maximize profits for the firm's owners. Therefore, any decision to hire economically disadvantaged youths should only be made if it pays off financially for the firm. Friedman believed that decisions based on morality or social responsibility should be left to individuals, not businesses.

According to Milton Friedman, If Managers Hire Economically Disadvantaged Youths