According to the Friedman Doctrine

question 37

Multiple Choice

According to the Friedman doctrine,

• A) ethics are nothing more than the reflection of culture.
• B) a multinational's home-country standards of ethics are inappropriate to follow in foreign countries.
• C) businesses should not undertake social expenditures beyond those mandated by the law and required for the efficient running of a business.
• D) if a manager of a multinational sees that firms from other nations are not following environmental legislation in a host nation, that manager should not either.

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Definitions:

Rich Countries

Nations characterized by a high level of economic productivity, wealth, and standard of living for their citizens.

United States

A country located primarily in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

Population

The total number of people or inhabitants in a specified area or country.

65 Years Old

A common age of retirement in many societies, also considered the beginning of senior citizen or elderly status.