The Observation That "The One and Only Social Responsibility of Business

question 32

Multiple Choice

The observation that "The one and only social responsibility of business is to increase its profits" can be attributed to:

• A) Justice Potter Stewart.
• B) John Akers.
• C) Milton Friedman.
• D) Jeffrey Sachs.

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Definitions:

Lemon Test

A three-part test developed by the Supreme Court to evaluate whether a government's action is in violation of the Establishment Clause of the First Amendment.

Purpose

The reason for which something is done or created or for which something exists.

McCarthyism

The practice of making accusations of subversion or treason without proper regard for evidence, especially during the early 1950s in the United States.