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Which of the Following Statements Is True About the Friedman

Question 72

Multiple Choice

Which of the following statements is true about the Friedman doctrine?


A) Milton Friedman explicitly rejects the idea that businesses should behave in an ethical manner.
B) According to Friedman, managers should weigh the social benefits and costs of an action before deciding whether to pursue it.
C) The best decisions, from Friedman's perspective, are those that produce the greatest good for the greatest number of people.
D) According to Friedman, managers of a firm should not make decisions about social investments for its stockholders.
E) Friedman's basic position is that the only social responsibility of business is to increase profits even if that involves breaking the rules of law.

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