Cadmium Technologies Inc. believes its sole purpose is to maximize profits for its stockholders. The firm often faces criticism for not engaging in social investments but is appreciated for complying with laws while earning profits. Based on this information, which of the following ethical approaches is Cadmium Technologies most likely adopting? A. Friedman doctrine B. Utilitarianism C. Kantian ethics D. Sullivan principles E. Naive immoralist

Business · College · Mon Jan 18 2021

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A. Friedman doctrine

Cadmium Technologies Inc.'s approach aligns closely with the Friedman doctrine, which emphasizes that the primary responsibility of a business is to maximize profits for its shareholders within the boundaries of the law. This approach suggests that a company's focus should predominantly be on generating profits and increasing shareholder wealth, rather than actively engaging in social or ethical investments.

Given that Cadmium Technologies prioritizes profit maximization for its stockholders, complies with laws and faces criticism for not engaging in social investments, it resonates most strongly with the Friedman doctrine.






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