Which of the Following Is True of Milton Friedman's Dictum

question 77

Multiple Choice

Which of the following is true of Milton Friedman's dictum about the social responsibility of business?

• A) Organizations can improve the quality of life so long as their actions are directed at increasing profits.
• B) The responsibilities of an organization are clearly defined by the laws and regulations imposed upon them.
• C) Organizations need to focus primarily on environmental factors to create sustainable growth.
• D) The goal of an organization is to satisfy stakeholders despite economic or political conditions.
• E) The goal of an organization is to provide customer satisfaction and employee well-being even at the cost of revenues.

---

Definitions:

Articles of Partnership

Articles of Partnership is a document that outlines the terms, conditions, and responsibilities of each partner in a partnership.

Annual Salary

The total amount of money an employee earns in a year before deductions for taxes and other items.

Capital Balance

The amount of money that an individual or entity has contributed towards the capital of a company, often reflected in the equity section of a balance sheet.

Net Loss

Occurs when a company's total expenses exceed its total revenues during a specific period, resulting in a negative profit.