Milton Friedman argued that corporate social responsibility means:
A) Helping the less fortunate
B) Supporting volunteer efforts by employees
C) Making money for stockholders
D) All of the responses are correct

Question

Quizplus · Accepted Answer

Milton Friedman argued that the social responsibility of a corporation is to make profits for its shareholders, not to engage in charity or other social initiatives. He believed that any money spent on social responsibility takes away from the primary goal of maximizing profits for shareholders. Therefore, choice C, making money for stockholders, is the most accurate answer.

Milton Friedman Argued That Corporate Social Responsibility Means