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Which of the following statements reflect the thoughts of Milton Friedman, a Nobel Prize - winning economist, on corporate social responsibility?Check All That Apply Companies
Which of the following statements reflect the thoughts of Milton Friedman, a Nobel Prizewinning economist, on corporate social responsibility?Check All That Apply Companies should consider the social and environmental impacts of their actions before considering the economic impact. Companies should consider the social and environmental impacts of their actions before considering the economic impact. Corporate social responsibility is the equivalent of socialism. Corporate social responsibility is the equivalent of socialism. Deception and fraud are part of competition in business. Deception and fraud are part of competition in business. The only social responsibility of business is to engage in activities designed to increase its profits so long as it stays within the rules of the game. The only social responsibility of business is to engage in activities designed to increase its profits so long as it stays within the rules of the game. The true role of business is to turn resources into profits for stockholders.
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