Of the Following,whose Basic Position Is That the Only Social

question 41

Multiple Choice

Of the following,whose basic position is that the only social responsibility of business is to increase profits so long as the company stays within the rules of law?

• A) Milton Friedman
• B) Leon Sullivan
• C) Paul Martin
• D) Stephen Harper
• E) Gilles Duceppe

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Definitions:

Moral Hazard Problem

A situation where one party engages in risky behavior knowing that it is protected against the consequences by another party.

Government's Role

Refers to the duties and functions that a government carries out to ensure the stability and growth of its nation, including legislation, public service provision, and economic management.

Private Sector

The part of the economy that is owned and operated by individuals and companies for profit, as opposed to the state.

Information Difficulties

Challenges encountered in obtaining, processing, or understanding necessary information, often affecting decision-making processes.