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:

Exhaustion

A state of extreme physical or mental fatigue, often resulting from stress or extended periods of exertion.

Alarm Reaction

The initial phase in the body's response to stress, mobilizing resources to face the threat or challenge.

Tend-And-Befriend

A behavior exhibited by some animals, including humans, as a stress response, where individuals seek social affiliation and nurturing activities to reduce stress.

General Adaptation Syndrome

A three-phase response (alarm, resistance, exhaustion) of the body to stress, identified by Hans Selye.