According to Milton Friedman, which of the following is a position opposing the stakeholder model of corporate social responsibility?
A) Organizations can act effectively as moral agents for all company shareholders.
B) The time, money, and attention diverted to social causes undermine market efficiency.
C) It is socially responsible for companies to divert their efforts to social causes.
D) The marketplace will ultimately determine the importance of social causes.
E) All of these positions are in accordance with the beliefs of Milton Friedman.

Question

Quizplus · Accepted Answer

Friedman supports the theory that the only social responsibility businesses have is to make a profit.

According to Milton Friedman, Which of the Following Is a Position