Who Said the Following Quote: "There Is One and Only

question 126

Multiple Choice

Who said the following quote: "There is one and only one social responsibility of business-to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud"?

• A)Federal Reserve Chairman Ben Bernanke
• B)Nobel Laureate Paul Krugman
• C)President Barack Obama
• D)Nobel Laureate Milton Friedman
• E)President Ronald Reagan

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Definitions:

Information

Data, facts, or details that are provided or learned about something or someone.

Legitimate Authority

Power that is recognized and accepted by others as rightful and proper within a social or organizational structure.

Polite Requests

Expressions used to make solicitations in a courteous and respectful manner.

Demands

Requirements or needs that must be met, often used in the context of work, products, or services.