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:

Group's Cohesiveness

The degree to which members of a group are attracted to each other and motivated to stay in the group, influencing its effectiveness and stability.

Situational Model

A theory or framework that suggests behavior is determined by a combination of someone's personality and the specific characteristics of the situation they are in.

Group Situation

A scenario in which individuals are interacting or working together in a shared or common space, often towards a shared goal.

Cross-Cultural Analyses

The examination and comparison of different cultural practices, beliefs, and values, aiming to identify patterns and differences across cultures.