Milton Friedman's Perspective Is That the Only Responsibility of a Business

question 15

Multiple Choice

Milton Friedman's perspective is that the only responsibility of a business is to

• A) provide social benefit for the messes.
• B) give jobs to the hard workers.
• C) pay taxes to keep the government operating.
• D) make money for its owners.

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Definitions:

Tolerance

The ability of an organism to withstand changes in its environment or to external factors.

Managerial Ethics

Managerial ethics pertain to the moral principles and standards of conduct that guide decision-making and behavior among managers and leaders within organizations.

Religious Values

Core beliefs and moral principles derived from religious teachings that influence an individual's behavior and decision-making.

Government Regulation

The act of controlling, directing, or managing activities and industries through laws and policies by governmental bodies.