An application of Milton Friedman's argument is ______.
A)providing workers time off to volunteer in their communities
B)establishing a recycling program
C)maximizing shareholder returns
D)clearly defining ethical concerns along a product's supply chain

Question

Quizplus · Accepted Answer

Milton Friedman argued that the social responsibility of a business is to maximize profits for its shareholders. Therefore, maximizing shareholder returns would align with his argument. The other options involve social or ethical considerations that may not necessarily lead to increased profits for shareholders.

An Application of Milton Friedman's Argument Is ______