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Posted: December 20th, 2020
Discuss the following statements/questions about corporate responsibility, business and finance homework help
Question description
Purpose: To consider arguments against a broadened concept of corporate responsibility.Primarily basing your response upon the materials in Chapter 1 and Chapter 2 of the Trevino and Nelson text as well as the readings and work done in this first week of the course, discuss the following statement:There is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud. (Milton Friedman, 1970.)What do you think Milton Friedman would say about Dennis Kozlowski, Bernie Madoff, and Don Blankenship (see the opening Course Introduction)?
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