Read the Case study “DB Forum 1 for Managerial Economics” and answer the following questions.

1. What is the difference between unethical and unlawful behavior? Please provide examples for both behaviors in your discussion.

2. According to Milton Friedman, "Business has only one social responsibility – to make profits (as long as it stays within the legal and moral rules of the game established by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible." Explain why you agree or disagree with such a statement.

Answer rating: 100% (QA)

1 Business organizations are required to maintain high standards by conducting business ethically and legally According to Paterson Huang 2018 unethical behaviors are those that are seen as violating ... View the full answer