What Would Friedman Think About Corporate Executives Conducting Hypocritical "Window

question 10

Multiple Choice

What would Friedman think about corporate executives conducting hypocritical "window dressing," or generating public goodwill through cultivating the appearance of social responsibility?

• A) He would strongly disapprove.
• B) He certainly could not condemn it.
• C) He certainly would strongly applaud it.
• D) He thinks no actual executive would do that.
• E) It is impossible to say.

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Definitions:

Escalating Commitment

A behavioral phenomenon where an individual or group continues to invest in a decision despite evidence of its ineffectiveness.

Confirmation Error

A cognitive bias that involves focusing on information that confirms one's preconceptions and ignoring information that contradicts them.

Framing Error

A mistake made when individuals misinterpret the context or perspective of a decision or problem, often influenced by the way information is presented.

Strategic Opportunism

A business strategy focusing on recognizing and capitalizing on opportunities with flexibility while maintaining a core strategic direction.