The View Taken by Milton Friedman in Relation to the Role

question 2

Multiple Choice

The view taken by Milton Friedman in relation to the role of companies is best described as:

• 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 harmonisation of society and the environment
• C) Companies should detach themselves from the environment and focus on maximizing the benefits to society
• D) Companies should distance themselves from the community in which they operate and focus solely on maximizing the returns to shareholders

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Definitions:

Unconditional Response

Unconditional response is a term that may be intended for "unconditioned response," which is an automatic, natural reaction to a stimulus in behavioral psychology.

Conditional Response

A learned response to a previously neutral stimulus that, after becoming associated with an unconditioned stimulus, triggers a conditioned reaction.

Unconditional Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a reflexive response without the need for prior learning.

Temperament Stability

Describes the extent to which individual differences in disposition or behavior style are consistent across time and situation.