"The Social Responsibility of Business Is to Increase Profits," Is

question 66

True/False

"The social responsibility of business is to increase profits," is a well known quote from Milton Friedman, a Nobel Prize-winning economist.

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Definitions:

Test Drives

The practice of operating a vehicle by potential buyers to evaluate its features, performance, and suitability before purchase.

Correlated Assumptions

Presumptions made in statistical analysis that imply a mutual relationship or dependence between two or more variables.

Variance

A measure of the dispersion of a set of data points around their mean value, indicating how spread out the data are.

Tornado Chart

A visual representation used in sensitivity analysis to compare the relative importance of variables.