Which of the following is an accurate statement? If business fails to be suffici

ID: 331346 • Letter: W

Question

Which of the following is an accurate statement?

If business fails to be sufficiently social responsible it is thereby acting immorally too.

A corporation is recognized legal "person" but it is not a moral "person" for the purposes of ethical evaluation of corporate activities.

According to the Friedman view of the corporation, it has no moral or social responsibility, and its only obligation is to make money legally.

The corporation only is obligated morally to its shareholders, and thus owes no moral responsibilities to any other stakeholder groups.

If business fails to be sufficiently social responsible it is thereby acting immorally too.

A corporation is recognized legal "person" but it is not a moral "person" for the purposes of ethical evaluation of corporate activities.

According to the Friedman view of the corporation, it has no moral or social responsibility, and its only obligation is to make money legally.

The corporation only is obligated morally to its shareholders, and thus owes no moral responsibilities to any other stakeholder groups.

A corporation is recognized legal "person" but it is not a moral "person" for the purposes of ethical evaluation of corporate activities.

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