Social Responsibility by a Business

question 6

Multiple Choice

Social responsibility by a business:

• A) Is a doctrine developed by economist Milton Friedman.
• B) Requires a business to examine how its decisions affect its stakeholders, not just its shareholders.
• C) Is not part of a discussion of business ethics.
• D) None of the above

---

Definitions:

Total Income

The aggregate amount of revenue and gains recognized by an entity within a specific period.

Investing Activities

Part of the cash flow statement that shows the cash inflows and outflows related to transactions involving the purchase and sale of long-term assets and investments.

Total Current Liabilities

The sum of all liabilities of a company that are due within one fiscal year.

Statement Of Cash Flows

A financial document that shows how changes in balance sheet accounts and income affect cash and cash equivalents.