Who Is Noted for Making the Following Statement,"There Is One

question 78

Multiple Choice

Who is noted for making the following statement,"There is one and only one social responsibility of business-to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game,which is to say that it engages in open and free competition without deception of fraud."?

• A) Leon Sullivan
• B) Milton Friedman
• C) David Hume
• D) Jon Stuart Mill
• E) Immanuel Kant

Understand the core principles of Say's Law and its implications on economic thought.

Comprehend the beliefs of monetarists, especially regarding the impact of money supply changes during recessions.

Grasp the foundational concepts of various economic schools of thought including Keynesian, classical, and monetarist theories.

Identify the historical periods during which different economic theories were dominant.

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Definitions:

Recognizing Category

The process of identifying or acknowledging the existence of a specific group or classification within a larger context.

Giving Praise

The act of expressing approval or admiration to recognize someone's effort or achievement.

Showing Appreciation

The act of recognizing and valuing the efforts and contributions of others, enhancing motivation and morale.

Leadership Theory

A framework or set of principles guiding how to lead, influence, and manage groups or organizations effectively.