Question

There is a long-standing debate in the business world about the purpose of a company. Milton Friedman, a famous economist, argued that the only responsibility of company is to increase profits within the rules. But this leads to excesses like dumping pollutants that damage the community. One way to temper the profit goal is an explicit statement of

corporate values

Answer 1

Answer: True - Corporate values

Step-by-step explanation:

The corporate values is one of the fundamental core values of the company that basically support the main aim of an organization and it also manage the values, principle, culture and also beliefs of the employees in the company.

The main objective of the corporate values is to guiding the basic principle in an organization that helps in maintaining the relationship with the consumers.

According to the given question, the famous economist Friedman handles all the responsibility of the company for the purpose of increase the growth and the productivity of an organization by maintaining the corporate values.

Therefore, Corporate values is the correct answer.