Business Responsibilities

Question 1

There are many types of business, from ? traders (one person businesses) to the giant ? corporations (businesses based in many countries).

Answer 1

Sole.

Transnational.

Question 2

When Milton Friedman argued that ? have no other responsibility but to increase their ?, he made the point that it was actually ? to do anything else.

Answer 2

Businesses.
Profits.
Unethical.

Question 3

The economics put forward by Friedman convinced politicians like Ronald Reagan (?) and Margaret Thatcher (UK) that if businesses were “set ?” to pursue profit, the benefits of their growth would “trickle ?” to everyone else in the country.

Answer 3

US.
Free.
Down.

Question 4

Carroll created the term ? ? (like giving to charity or improving facilities in local communities).

Answer 4

Philanthropic responsibility.