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

question 67

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) The responsibilities of an organization are to attempt to satisfy all relevant stakeholders' interests.
• D) The goal of an organization is to satisfy select stakeholders that express their specific needs.
• E) The goal of an organization is to provide employment, safe working conditions, and profit to the owners.

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Definitions:

Radio

A technology that uses radio waves to transmit information, such as sound, by modulating properties of electromagnetic energy through space.

Satellite

A satellite is an artificial body placed in orbit around the earth or another planet to collect information or for communication.

Microwave

An electromagnetic wave with a wavelength in the range of 1 meter to 1 millimeter; also, a kitchen appliance that cooks food using microwave radiation.

Fiber

Refers to materials, usually threads or filaments, that are significantly longer than they are wide and used in the making of textiles, or to dietary material containing substances such as cellulose, lignin, and pectin, which are resistant to the action of digestive enzymes.