Milton Friedman's View of the Social Responsibility of Business Is

question 116

Multiple Choice

Milton Friedman's view of the social responsibility of business is best described as:

• A)the social responsibility of a business is to make money within the rules of the game.
• B)the social responsibility of a business should be dictated by its managers.
• C)the social responsibility of a business requires it to be environmentally clean.
• D)businesses have no social responsibility.
• E)none of the above

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Definitions:

Share Value

The price of a single share of stock in a company, reflecting the market's valuation of the company.

Student To Teacher Ratio

The student to teacher ratio is a measure indicating the number of students for every teacher, used to gauge the level of educational attention and resources available to students.

Suggested Retail Price

The price at which the manufacturer recommends a retailer sell a product for to consumers.

Merchandise

Goods that are bought and sold within a market or industry.