According to _____, the only social responsibility that organizations have is to satisfy their owners, that is, company shareholders.
A)Lawrence Kohlberg
B)LaRue Hosmer
C)Milton Friedman
D)Mary Parker Follett
E)Max Weber

Question

Quizplus · Accepted Answer

This statement reflects the view of economist and Nobel laureate Milton Friedman, who argued that the only social responsibility of a business is to optimize profits for its shareholders. He believed that it was the role of government and individuals, not corporations, to address social issues.

According to _____, the Only Social Responsibility That Organizations Have