Which of the following views would be consistent with the free market ethics approach advocated by Milton Friedman?
A)Outsourcing to other countries is wrong because it is detrimental to the overall US economy.
B)When making decisions, corporate managers should consider the interests of all the corporation's stakeholders.
C)The only social responsibility of business is to increase profits in a legal and ethical manner.
D)Automating processes and replacing workers is unethical since it does not serve a greater good.

Question

Quizplus · Accepted Answer

Milton Friedman advocated for the free market ethics approach, which holds that the only social responsibility of business is to increase profits in a legal and ethical manner. This aligns with option C, which states this exact view. The other options do not align with this approach, as they either prioritize certain stakeholders over profits or suggest that certain actions may be unethical despite their potential to increase profits.

Which of the Following Views Would Be Consistent with the Free