Who Asserted That the Only Social Responsibility of Business Is

question 44

Multiple Choice

Who asserted 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)Karl Marx
• D)Immanuel Kant
• E)David Hume

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Definitions:

Great Recession

A profound global economic downturn that began in 2007 and lasted until 2009, marked by significant declines in economic activity worldwide.

Social Security Taxes

Social Security taxes are taxes collected from employees and employers to fund the Social Security program, providing retirement, disability, and survivors' benefits.

Government Expenditures

The total amount of spending by the government, including on services, infrastructure, and social welfare programs.

State and Local

Pertaining to government entities and functions at the subnational levels, including states, provinces, territories, cities, and towns.