Which of the Following Best Describes the View Taken by Milton

question 4

Multiple Choice

Which of the following best describes the view taken by Milton Friedman in relation to the role of companies?

• A) Companies are an integral part of society, and as such should adopt the highest ethical principles.
• B) Companies, as part of society, should act in the interests of the harmonisation of society and the environment.
• C) Companies should detach themselves from the environment and focus on maximising the benefits to society.
• D) Companies should distance themselves from the community in which they operate and focus solely on maximising the returns to shareholders.

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Definitions:

Social Darwinism

A theory that applies the concept of survival of the fittest to human societies, often used to justify political conservatism, imperialism, and racism.

Economic Development

The sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area.

Self-help Literature

Books or materials that focus on personal improvement, aiming at increasing self-awareness and optimizing personal potential.

Late 19th Century

A period from 1870 to 1900 characterized by significant industrial, technological, and social changes worldwide.