Which One of the Following Statements Does Not Accurately Represent

question 26

Multiple Choice

Which one of the following statements does not accurately represent Milton Friedman's view of the social responsibility of business?

• A) Companies only exist to make a profit for their shareholders.
• B) Directors' sole responsibility is to the shareholders.
• C) As long as a profit is being made in any way whatsoever, nothing else is seen to matter.
• D) Directors should ignore all other performance measures and indicators and report only financial data.

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Definitions:

Emotional Abuse

A form of abuse characterized by a person subjecting or exposing another to behavior that may result in psychological trauma including anxiety, chronic depression, or PTSD.

Physical Abuse

The use of physical force or violence to harm or intimidate another person.

Reconstruction

The process of rebuilding or making amendments to something that has been damaged or outdated.

Savickas's Approach

A career counseling method focusing on an individual's life story to guide career choice and development.