In Contrast to Milton Friedman's Argument, David Packard Argued That

question 2

Multiple Choice

In contrast to Milton Friedman's argument, David Packard argued that ______.

• A)businesses exist not only to make money but also to contribute to society
• B)the sole purpose of businesses is to make money
• C)businesses need not consider all stakeholders
• D)shareholders are responsible for the larger community within which a firm operates

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Definitions:

Coupon

A voucher entitling the holder to a discount for a particular product or service.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are managed by professionals.

Documentary Collection

A financial transaction in which a seller instructs their bank to forward documents related to the export of goods to the buyer's bank with instructions for payment.

Commercial Letter

A document used in international trade, containing information about a transaction or agreement between businesses.