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:

Raffle

A means of raising money by selling numbered tickets, one or more of which are subsequently drawn at random, the holder or holders of such tickets winning a prize.

Probability

A value ranging from 0 to 1 that denotes the probability of an event's occurrence.

Winning

Achieving victory or success in a contest, conflict, or endeavor.

Monthly Rates

The amount or percentage per month used for calculating changes in financial or other measurements.