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LML4806 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 17 MAY 2024 - DETAILED ANSWERS - DISTINCTION GUARANTEED!

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LML4806 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 17 MAY 2024 - DETAILED ANSWERS - DISTINCTION GUARANTEED! QUESTION 1 [20] 1.1 According to Milton Friedman, “there is one and only one social responsibility of business – to use its resources and engage in activities...

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  • May 17, 2024
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  • lml4806 portfolio memo mayjune 2024 semester

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LML4806 PORTFOLIO

MEMO

Company law

MAY/JUNE 2024

SEMESTER 1 – 2024 - UNISA

17th May 2024




QUESTION 1



1.1 According to Milton Friedman, “there is one and only one social
responsibility of business – to use its resources and engage in
activities designed to increase its profits…” With reference to the
principle of corporate social responsibility, discuss the meaning of
corporate social responsibility and whether you agree with Milton
Friedman’s view above. Also assess the extent to which engaging in
corporate social responsibility activities may benefit a company that
engages in such activities. (10)



Corporate Social Responsibility (CSR) is a self-regulating business model
where organizations commit to creating a positive impact through
conscientious behavior with regard to the environment, society, and the
economy. It’s often referred to as corporate citizenship. CSR can be

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