According to Milton Friedman, the Only Social Responsibility of Business

question 23

Multiple Choice

According to Milton Friedman, the only social responsibility of business is to

• A) increase profits.
• B) monopolize an industry.
• C) demonstrate humanity.
• D) improve society.
• E) foster creativity.

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Definitions:

Constitutional Right

A right protected by a country's constitution that guarantees certain freedoms and protections to its citizens.

Moral Right

A principle or standard of behavior which is universally accepted as correct or beneficial in the promotion of fairness, justice, or societal well-being.

Privacy

The state or condition of being free from being observed or disturbed by other people.

Unethical

Actions or behaviors that violate moral principles or accepted standards of conduct, often causing harm or disadvantage to others.