Milton Friedman Would Have Agreed with Which of the Following

question 66

Multiple Choice

Milton Friedman would have agreed with which of the following statements about social responsibility?

• A)A company will produce higher quality products when it practices social responsibility.
• B)A company will increase its sales when it practices social responsibility.
• C)A company will be able to create better jobs when it practices social responsibility.
• D)A company will become distracted from its task to maximize profits when it practices social responsibility.
• E)A company will provide improved value when it practices social responsibility.

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Definitions:

ILO

The International Labour Organization is an agency of the United Nations that establishes global labor standards and advocates for workplace rights.

World Trade Organization

An international organization founded in 1995 designed to supervise and liberalize world trade by providing a forum for negotiations and dispute resolution.

Global Trade Agreements

Treaties or agreements between countries that facilitate trade and economic cooperation on a global scale.

Toxic Materials

Substances that are harmful or deadly to living organisms when introduced or absorbed.