In the Context of Corporate Social Responsibility, Which of the Following

question 69

Multiple Choice

In the context of corporate social responsibility, which of the following statements would Milton Friedman agree to?

• 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)Management's most important responsibility is the firm's long­term survival.