The social responsibility perspective embraced by Milton Friedman which argues that corporations cannot be moral agents is known as the
A) corporate responsibility perspective.
B) legal responsibility perspective.
C) economic responsibility perspective.
D) consumer responsiveness perspective.
E) ethical responsibility perspective.

Question

Quizplus · Accepted Answer

Milton Friedman's perspective is known as the economic responsibility perspective. He argued that the primary responsibility of corporations is to increase their profits, suggesting that businesses cannot be moral agents in the same way individuals are. This view emphasizes the economic role of businesses in society over social or ethical responsibilities.

The Social Responsibility Perspective Embraced by Milton Friedman Which Argues