In his book Capitalism and Freedom, Milton Friedman argues that ________
A) doing well while doing good is an essential corporate mantra
B) socially responsible behavior adds to the corporation's bottom line
C) corporations are responsible for the environment, society, and profits
D) the only social responsibility of business is to increase profits
Answer: D
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Suppose that a small, rural city in the countryside of North Dakota plans to issue $150,000 worth of 10-year bonds. Which one of the following components of the bond's yield will be affected by the fact that no active secondary market is expected for these bonds?
A. Real rate B. Liquidity premium C. Interest rate risk premium D. Inflation premium E. Taxability premium
Which of the following statements is TRUE?
A) The lower a firm's debt-to-equity ratio, the LESS room it has to take on additional debt. B) More stable industries, such as utilities, tend to have LOWER debt-to-equity ratios. C) Leverage ratios focus on INCOME STATEMENT items. D) There is NO GENERAL BENCHMARK FOR LEVERAGE RATIOS, and ideal values vary from industry to industry.