Which One of the Following Is NOT One of the Arguments

question 29

Multiple Choice

Which one of the following is NOT one of the arguments against social responsibility as used by economist Milton Friedman?

• A) Spending money for social responsibility is spending the stockholder's money for a general social interest.
• B) Businesses can actually do very little in terms of social responsibility.
• C) Spending money on social responsibility is acting from motives other than economic and may, in the long-run, cause harm to the very society the firm is trying to help.
• D) There is one and only one social responsibility of business - to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.
• E) Through taking on the burden of social costs, the organization becomes less efficient, causing price increases or postponement of growth.

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Definitions:

Internal States

Mental or physiological conditions that arise within an individual, such as emotions, thoughts, hunger, or fatigue.

Socializing Role

The influence that social entities (e.g., families, schools, peer groups) have in imparting norms, values, and behaviors to individuals, contributing to social development and integration.

Industrialized Societies

Societies characterized by a high level of industrialization, where manufacturing, services, and technology play a key role in the economy.