Milton Friedman's view on corporate social responsibility:
A)acknowledges that shareholders may use some of their wealth for altruistic purposes.
B)assumes shareholders are not rational.
C)advocates that corporations engage in philanthropic activities.
D)applies only to U.S.corporations.

Question

Quizplus · Accepted Answer

Milton Friedman's view on corporate social responsibility is that the only purpose of a corporation is to maximize profits for its shareholders. However, he acknowledges that shareholders may use some of their wealth for altruistic purposes, but it should be their personal choice and not mandated by the corporation.

Milton Friedman's View on Corporate Social Responsibility