Which of the Following According to Milton Friedman, Is the Only

question 4

Multiple Choice

Which of the following according to Milton Friedman, is the only social responsibility of business?

• A)To support local communities
• B)To improve the standard of living of employees
• C)To be fair to employees
• D)To increase profits

Comprehend the implications of demographic changes on human resource management.

Recognize the role of human resource audits and performance assessments in organizational improvement.

Comprehend the importance of educational attainment in the workforce.

Understand the role and scope of functional authority in HR and contexts where it's applicable.

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Definitions:

Directed Remembering

Directed remembering involves consciously focusing one's effort to recall specific information or memories when prompted.

Goal-driven

Behavior or activity that is directed towards achieving specific objectives or outcomes.

Information Recall

The ability to retrieve and reproduce information from memory that was previously learned or experienced.

Analogical Inconsistency

Discrepancies or lack of uniformity in reasoning or outcomes when comparing two similar situations or analogies.