Which One of the Following Is Not One of the Arguments

question 69

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:

Compact Fluorescent

A type of energy-saving light bulb that uses fluorescent technology to produce light, characterized by its spiral or folded shape.

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Devices that convert sunlight into electricity, composed of photovoltaic cells that capture and transform solar energy.

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Retail businesses that are owned and operated independently, not part of a larger chain or franchise.