According to Milton Friedman, Which of the Following Is a Position

question 8

Multiple Choice

According to Milton Friedman, which of the following is a position opposing the stakeholder model of corporate social responsibility?

• A) Organizations can act effectively as moral agents for all company shareholders.
• B) The time, money, and attention diverted to social causes undermine market efficiency.
• C) It is socially responsible for companies to divert their efforts to social causes.
• D) The marketplace will ultimately determine the importance of social causes.
• E) All of these positions are in accordance with the beliefs of Milton Friedman.

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Definitions:

Restitution

The act of compensating for loss, damage, or injury caused, typically in legal contexts.

Indivisible

Pertaining to something that cannot be separated or divided into parts without losing its essential features or functionality.

Complete Performance

The full and exact fulfillment of all terms and obligations as specified in a contract.

Limitation of Liability Clause

A contractual provision that limits the amount one party can claim from another in case of damage, loss, or injury.