Sports GK Questions and Answers 2024 (Latest Updated)

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Question

What does Milton Friedman believe to be the sole responsibility of business?

A The only social responsibility of business is to its shareholders
B Managers should act in ways that balance the interest of society and shareholders
C The primary responsibility organizations have is to its employees
D The primary responsibility organizations have is to its stakeholders

Answer & Explanation

Answer: The only social responsibility of business is to its shareholders

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