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:

Personal Experiences

Individual encounters or events that contribute to one's understanding, beliefs, and perspectives.

Emotions

Complex psychological states that involve physiological arousal, expressive behaviors, and conscious experience.

Cognitions

Mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Others' Experiences

The knowledge or insight gained from understanding or learning about the events, actions, or feelings that other people have undergone.