Question

ethics program and corporate social responsibility

started: jul 2 at 11:50am

quiz instructions

this quiz contains 20 true/false questions worth 1 point each. you will have 30 minutes to complete the quiz.

question 12

adam smith stated, \the social responsibility of business is to increase profits.\

true
false

Explanation:

Identify the source of the quote

The famous quote, "The social responsibility of business is to increase its profits," was written by the economist Milton Friedman in a landmark 1970 article for The New York Times Magazine, not by Adam Smith.

Evaluate the statement

Since Milton Friedman is the author of this specific statement regarding corporate social responsibility, attributing it to Adam Smith makes the statement false.

Answer:

• True
• (B) False (Correct answer)