After several quarters of negative earnings, the CEO of a social media corporation decides to end the company's policy of providing paid parental leave in order to reduce labor expenses, among other cost-saving measures. As a result of the CEO's decisions, the company's stock price rises significantly.

According to Milton Friedman, did the corporation fulfill its duty?

• Yes, because the shareholders' return on investment has risen.
• Yes, because the CEO feels no personal obligation to support his or her employees' decisions to have children.
• No, because paid parental leave is an important social good that companies have a responsibility to support.
• No, because employees are stakeholders who rely on the company for their well-being.

Wanda's financial advising firm wants to know the private client list held by a competing firm in town. Wanda sets up a meeting with an employee at the rival firm, and while there, Wanda downloads the client list to a flash drive when the employee steps away from his office. Three days later, Wanda uses the flash drive to open the client list.

Does Wanda's conduct violate trade secret law?

• No, because trade secret protections disappear when a trade secret is discovered.
• Yes, because the method by which Wanda discovered the trade secret is illegal according to trade secret law.
• Yes, because Wanda did not pay the rival firm for its client list.
• No, because the firm with the private client list failed to keep it a secret.