Author Question: Which of the following represents the view of Milton Friedman on the social responsibility of a ... (Read 148 times)

torybrooks · **on:** Jun 29, 2018

Which of the following represents the view of Milton Friedman on the social responsibility of a business?
a. The responsibility of a business is to donate its private wealth to do good for the society which provides the resources to it.
b. The responsibility of a business is to provide low-priced products to its consumers.
c. The responsibility of a business is to maximize the return of the shareholder's investment by employing any measure that increases profits.
d. The responsibility of a business is to use its resources, and engage in activities that are designed to increase its profits so long as it stays within the rules of the game.

Question 2

When depicting a higher-dimensional object in lower-dimensional space,
a. this is immediately apparent when one looks at the resultant map
b. severe distortion is possible
c. external information cannot be overlain on the resultant map
d. a perfectly accurate rendering results

missalyssa26 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

B
Whenever one tries to depict a higher-dimensional object in a lower-dimensional space, one is allowing for the possibility of distortion, sometimes severely so.