Which One of the Following Is NOT One of the Arguments

question 29

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:

Catholic Reformation

A period of Catholic revival beginning in the late 16th century, in response to the Protestant Reformation, aiming to reform and renew the Roman Catholic Church.

Capuchins

An order of friars within the Catholic Church, known for their missionary work and simple lifestyle, identifiable by their distinct brown robes with large hoods.

Ursulines

A Roman Catholic religious order founded at Brescia, Italy, by St. Angela Merici in 1535, primarily focused on the education of young girls.

Council of Trent

A series of Catholic Church councils held between 1545 and 1563 in response to the Protestant Reformation, leading to significant church reforms.