Who said that the social responsibility of business is to earn a profit? Warren
ID: 3449562 • Letter: W
Question
Who said that the social responsibility of business is to earn a profit? Warren Buffett b Albert Carr cThe Sadhu Milton Friedman None of the above 23. Which of the following's views is aligned most closely with the inherence school of social responsibility? Milton Friedman b. Anita Roddick of the Body Shop d. e. Ben & Jerry Both b and c None of the above 24. The enlightened self-interest school of social responsibility a Holds that the primary responsibility of business is to accommodate the community b. Holds that the primary responsibility of business is to earn a profit. c. Does not acknowledge the interest of others beyond shareholders. d. Both b and c e. None of the above 25. The conflicting values in the Time Warner Ice-T case are: a First Amendment rights and duty of business to its larger community b Conflicts of interest and personal honesty c. There were no conflicting values because everyone agreed with Time Warner. d Purchasing conflicts and investments e None of the aboveExplanation / Answer
22. Milton Freidman made this comment in his book.
23. Milton Friedman as well, he is the most aligned with the given school of thought.
24. None of the above, as the enlightened school of self interest in social responsibility holds that the managers should be responsible to the shareholders (not only sharheolder) by being resposive to the larger society and/or community at large.
25. First Amendment rights and the duty of businesses to its larger community. The song 'Cop Killer' featuring in Ice t's album body count was hence asked to be removed from the album.
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