Which of the Following Statements Best Aligns with Milton Friedman's

question 7

Multiple Choice

Which of the following statements best aligns with Milton Friedman's argument against business performing social responsibility activities?

• A)Social responsibility compels managers to spend money on some individuals that rightfully belongs to other individuals.
• B)Social responsibility is not mandated by law,which means that it has to be done by will,not by compulsion.
• C)Empirical studies have not yet demonstrated a definitive relationship between corporate social responsibility and profitability.
• D)Profitability and growth go hand-in-hand with responsible treatment of employees,customers,and the community.
• E)Firms use social responsibility to increase their brand awareness.

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Definitions:

Variable

An element, feature, or factor that is likely to vary or change.

Observations

Data collected or measured during an experiment or survey.

Measurements

Measurements refer to the size, length, or amount of something, determined through quantitative comparison with a standard unit.

Element

A fundamental or essential constituent of a composite entity; in contexts like chemistry, an element is a substance that cannot be broken down into simpler substances by chemical means.