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Flashcards for 4.3.2 Business ethics - IB

IB
4.3.2 Business ethics

IB Philosophy 4.3.2 Business Ethics Flashcards

Flashcards for 4.3.2 Business ethics

Flashcards for 4.3.2 Business ethics - IB

These interactive flashcards help IB Philosophy students Standard Level (SL) and Higher Level (HL) quickly review and memorize the essential definitions, formulas, and terms needed for success in IB Exams.

Each card focuses on 4.3.2 Business ethics and is aligned with the IB Philosophy syllabus, ensuring focused revision on core principles, advanced applications, and practical problem-solving.

Students can test themselves anytime, anywhere, perfect for reinforcing tricky concepts, learning IB terminology, and committing formulas to memory.

By using RevisionDojo's flashcards consistently, learners turn repetition into mastery and enter the exam with confidence.

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What is Milton Friedman's core claim in shareholder theory, and what is his argument regarding corporate social spending?

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Core claim: A corporation's only social responsibility is to maximize shareholder value within the law.
Argument: Spending corporate resources on social causes is effectively taxing shareholders without their consent and usurping the role of democratic institutions.

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