Friedman's position on social responsibility
A) proposes that a lack of social responsibility results in increased government regulations.
B) appears to be losing traction with business executives.
C) suggests that a lack of social responsibility reduces a firm's efficiency.
D) explains why firms are using their socially responsible actions for competitive advantage.
E) mirrors Carroll's position.

Question

Quizplus · Accepted Answer

Friedman's position, which emphasizes profit maximization as the primary responsibility of businesses, is increasingly being challenged by modern business executives who are adopting broader views on corporate social responsibility.

Friedman's Position on Social Responsibility