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:

Foreclosures

The legal process by which a lender takes control of a property, evicts the homeowner, and sells the home when the homeowner fails to make mortgage payments.

Checks and Balances

A system in which different parts of an organization or government have powers that affect and control the other parts, ensuring no single part can become too powerful.

President's Veto

The power of the President to refuse approval of a bill or joint resolution and thus prevent its enactment into law.

Coupon Rate

The yearly percentage rate of interest that is paid on a bond, relative to its nominal value.