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Question
Nobel Prize-winning economist Milton Friedman believed that:
A. managers who pursue social initiatives with corporate funds are morally correct and are pursuing a path that is required regarding their fiduciary duties owed to stakeholders.
B. Adam Smith's belief - that the common good is best served when economic institutions don't pursue a common good but instead pursue an economic advantage - is wrong and misguided.
C. the only responsibility a business has is to maximize shareholder wealth.
D. a deliberate amorality in corporate decision making is discouraged.
Answer
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