Introduction

Question 1

In 1970, economist Milton Friedman wrote an article in “The New York Times Magazine” titled, “The Social Responsibility of Business is to Increase its ?”. For Friedman, this was ?, a system that (he argued) made ? less effective and restricted the rights of individuals to improve their lives.

Answer 1

Profits.
Socialism.
Capitalism.

Question 2

Many businesses today accept social ? that go beyond what they’re required to do by ?

Answer 2

Responsibilities.

Law.

Question 3

Corporate social responsibility describes the concept that corporations (?) should be accountable for impacts they have on people and the ?

Answer 3

Businesses.

Environment.

Question 4

Whistle-blowing is when an ? of a business chooses to make public their belief that their ? has acted unethically. It could be seen as individuals with high ethical ?

Answer 4

Employee.
Employer.
Standards.

Question 5

The slogan that “Good ? is good business” is based on the idea that “doing the ? thing” is a route to ? success.

Answer 5

Ethics.
Right.
Business.

Question 6

Not only will customers relate ? to the business if it “does the ? thing”, but the business will be more successful if all its decisions are ?

Answer 6

Positively.
Right.
Ethical.

Question 7

Globalisation has created a highly connected ? economy that relies on countries removing ? for their own businesses from international ?

Answer 7

Global.
Protection.
Competition.

Question 8

The opportunity to move production to ?-? countries and then make enormous profits selling the products in high-wage markets around the world has enabled ? corporations to dominate international and national ?

Answer 8

Low-wage.
Transnational.
Economies.