In Contrast to Milton Friedman's Argument, David Packard Argued That

question 2

Multiple Choice

In contrast to Milton Friedman's argument, David Packard argued that ______.

• A)businesses exist not only to make money but also to contribute to society
• B)the sole purpose of businesses is to make money
• C)businesses need not consider all stakeholders
• D)shareholders are responsible for the larger community within which a firm operates

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Definitions:

Catholic Church

The largest Christian church, led by the Pope, with a global presence and centuries of religious, social, and political influence.

Masculine Honor

A set of cultural norms and values that define the ideals of manliness, often emphasizing virtues such as bravery, strength, and loyalty.

Middle Class

A social group between the working class and upper class, typically associated with a moderate level of income, education, and professional jobs.

Own Identity

The recognition or establishment of one's unique personality, characteristics, beliefs, and values, distinguishing oneself from others.