Asked by Patrick Alves on Jul 26, 2024

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According to Milton Friedman, if managers hire economically disadvantaged youths they:

A) are simply stealing from the firm's owners
B) are not considering the firm's economic needs and financial well-being
C) are justified in doing so because it's the right thing to do for society
D) will be correct in their actions if the hirings pay off financially for the firm
E) none of the above

Economically Disadvantaged Youths

Young individuals experiencing poor economic conditions that hinder their ability to access basic necessities, education, and employment opportunities.

Milton Friedman

An influential American economist known for his strong belief in free-market capitalism and minimal government intervention in the economy.

Firm's Owners

Individuals or entities that hold the ownership rights and stakes in a company, controlling its operations to some extent.

  • Identify the influence of corporate social responsibility on the dynamics of human resource management.
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ZK
Zybrea KnightJul 31, 2024
Final Answer :
D
Explanation :
According to Milton Friedman, the primary responsibility of a manager is to maximize profits for the firm's owners. Therefore, any decision to hire economically disadvantaged youths should only be made if it pays off financially for the firm. Friedman believed that decisions based on morality or social responsibility should be left to individuals, not businesses.