Which of the Following Views Would Be Consistent with the Free

question 2

Multiple Choice

Which of the following views would be consistent with the free market ethics approach advocated by Milton Friedman?

• A)Outsourcing to other countries is wrong because it is detrimental to the overall US economy.
• B)When making decisions, corporate managers should consider the interests of all the corporation's stakeholders.
• C)The only social responsibility of business is to increase profits in a legal and ethical manner.
• D)Automating processes and replacing workers is unethical since it does not serve a greater good.

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Definitions:

Just World

The belief that the world is fundamentally fair and individuals get what they deserve.

Group Polarisation

The tendency for a group to make decisions that are more extreme than the initial inclination of its members.

Intergroup Attribution

Process of assigning the cause of one’s own or others’ behaviour to group membership.

Ultimate Attribution Error

A cognitive bias where people attribute the positive behaviors of their own group to stable, internal characteristics and negative behaviors of out-groups to their inherent characteristics.