Final answer:
If your university was paying minimum wage and applying the minimum legal standards, it would fulfill its Legal responsibility.
Step-by-step explanation:
If your university was paying minimum wage when necessary and applying the minimum legal standards to its employees' work environment, it would be said to have fulfilled its Legal responsibility.
According to Milton Friedman, businesses have a moral responsibility to increase profits. This means that businesses should comply with legal requirements, such as paying their employees the minimum wage and providing a safe work environment, in order to fulfill their legal responsibilities.
While businesses also have ethical responsibilities to consider, such as treating employees fairly and promoting maximum aggregate good, meeting legal obligations is an important starting point.