Question

Why did Milton freedman disagree that corporations should have corporate social responsibility

A. It minimizes profits for shareholders and maximize the wages of employees
B. It elevates the economic spheres above political spheres
C. It imposes political conformity on corporations
D. It undermines the corporations ability to comply with the law
E. It encourages managers to become involved in social projects in their free time

Answer 1

[AI-generated answer — Bot GPT 3.5]

The correct answer is A. It minimizes profits for shareholders and maximizes the wages of employees. Milton Friedman believed that the primary goal of a corporation should be to maximize profits for its shareholders, rather than taking on social responsibilities that may detract from this goal. He argued that by focusing on social responsibility, corporations may be diverting resources away from their primary purpose of generating profits.