Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

There is one and only one social responsibility of business - to use its resources and engage in activities designed to increase its profits so

"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"

Milton Friedman (1912-2006)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H Garrison, Alan Webb, Theresa Libby

11th Canadian Edition

1259275817, 978-1259275814

More Books

Students also viewed these Accounting questions

Question

Write a detailed and multiple valuations on TD bank stock Canada?

Answered: 1 week ago

Question

8. How can an interpreter influence the message?

Answered: 1 week ago