Question

Which of the following is true of the difference between the Business Roundtables view and Friedmans theory with regard to the conceptions of social responsibility?

a) In contrast to the Roundtable's basic view that does not admit constituencies, Friedman's theory identifies seven constituencies: customers, employees, financiers, suppliers, communities, society at large, and shareholders.

b) The Roundtable views shareholders as principals, whereas Friedman views them as providers of capital risk.

c) In contrast to the Roundtables perspective, the principals in Friedman's theory are managers.

d) The objective of a corporation is not as clearly identified in the Roundtable statement as it is in Friedmans theory.

Answer

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