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.

Question

Quizplus · Accepted Answer

One of the arguments against social responsibility, according to Milton Friedman, is that businesses can actually do very little in terms of social responsibility. The other arguments include the idea that spending money on social responsibility is spending the stockholder's money for a general social interest (A), spending money on social responsibility is acting from non-economic motives and may, in the long run, cause harm to society (C), the only social responsibility of business is to increase profits within the rules of the game (D), and taking on the burden of social costs can make the organization less efficient and lead to price increases or postponed growth (E).

Which One of the Following Is Not One of the Arguments