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Questions and Answers
Milton Friedman believed that the purpose of a business enterprise is to produce value for stakeholders.
Milton Friedman believed that the purpose of a business enterprise is to produce value for stakeholders.
False
Laurence D. Fink is the founder and chief executive of BlackRock.
Laurence D. Fink is the founder and chief executive of BlackRock.
True
Society demands that companies serve a social purpose in addition to delivering financial performance, according to Laurence D. Fink.
Society demands that companies serve a social purpose in addition to delivering financial performance, according to Laurence D. Fink.
True
Leaders in the business world are increasingly embracing the idea that the business of business should be solely focused on generating profits.
Leaders in the business world are increasingly embracing the idea that the business of business should be solely focused on generating profits.
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Business schools have primarily concentrated on teaching students about ethical questions regarding the purpose of their enterprises.
Business schools have primarily concentrated on teaching students about ethical questions regarding the purpose of their enterprises.
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