1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gogolik [260]
3 years ago
7

Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that manage

rs should make the company as profitable as possible while also complying with the law?
a. John Rawls
b. John Stuart Mill
c. Immanuel Kant
d. Milton Friedman
Business
2 answers:
ad-work [718]3 years ago
8 0

Answer:

Milton Friedman

Explanation:

Milton Friedman was a renown American economist and statistician, he was known for his strong belief in free-market capitalism. As a professor at the University of Chicago, Friedman developed numerous free-market theories that opposed the views of traditional Keynesian economists.

Maksim231197 [3]3 years ago
6 0

Answer:

d. Milton Friedman

Explanation:

Milton Friedman is an American economist that believed in the free market capitalism. He was a free market advocate. He therefore advocated that the social responsibility of a manager is to maximize shareholders returns.

You might be interested in
If a local company were to break contract with a retailer and no deliver the products requested, what type of law would be broke
Lorico [155]

If a local company were to break the contract with a retailer and not deliver the products requested, Civil law would be broken.

When one party doesn't carry out their obligations as stated in the contract, there is a breach of the agreement. That could involve anything trivial like making a payment a few days late or something more significant.

<h3>What is the most common breach of contract?</h3>

The most frequent remedy for contract violations is this one. When compensatory damages are granted, a court requires the party who violated the contract to give the victim enough money to fulfill their contractual obligations elsewhere.

A breach of contract occurs when a promise that is a component of a contract is not kept without a valid justification. This includes failing to perform in a way that complies with industry standards or any express or implicit warranty requirements, such as the implied warranty of merchantability.

Learn more about Breach of Contract here:

brainly.com/question/24259882

#SPJ4

7 0
1 year ago
The Devon Motor Company produces automobiles. On April 1st the company had no beginning inventories and it purchased 8,000 batte
grin007 [14]

Answer and Explanation:

The computation is shown below:-

a) raw-materials is

= (8,000 - 7,600) × $80

= $32,000

b) work in process 7,500 batteries x $80 x 10%

= $60,000

c) Finished goods = 7,500 batteries × $80 × 90% × 30%

= $162,000

d) cost of goods sold 7,500 batteries x $80 × 90% × 70%

= $378,000

e) selling expense is

= 100 × $80

= $8,000

Total 8,000 batteries purchased × $10 per battery is

$80,000

2. Specification is shown below:

a) rawmaterials  stock               $32,000  Balance Sheet

b) work inprocess                     $60,000   BalanceSheet  

c) Finishedgoods stock            $162,000   BalanceSheet

d) cost of goodssold                 $378,000   IncomeStatement

e) sellingexpense                     $8,000   IncomeStatement

7 0
3 years ago
1. You have a portfolio that is invested 21% in Stock A, 34% in Stock B, and 45% in Stock C. The betas of the stocks are .66, 1.
MrMuchimi

Answer:

1.

Portfolio Beta = 1.225 rounded off to 1.23

Option e is the correct answer.

2.

r = 0.13338 or 13.338% rounded off to 13.34%

Explanation:

1.

The portfolio beta is a function of the weighted average of the individual stocks' betas that form up the portfolio. To calculate the beta of a portfolio, we use the following formula,

Portfolio Beta = wA * Beta of A  +  wB * Beta of B  + ... + wN * Beta of N

Where,

w is the weight of each stock

Portfolio Beta = 0.21 * 0.66  +  0.34 * 1.21  +  0.45 * 1.5

Portfolio Beta = 1.225 rounded off to 1.23

2.

Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.

The formula for required rate of return under CAPM is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free rate

rM is the market return

r = 0.037  +  1.22 * (0.116 - 0.037)

r = 0.13338 or 13.338% rounded off to 13.34%

3 0
3 years ago
How many kalamata olives come on a whole salad? Enter the exact number.
skelet666 [1.2K]

Answer:7

Explanation:

5 0
2 years ago
What role does utility play in the economic model of consumer​ behavior? When modeling consumer​ behavior, utility A. reflects t
olya-2409 [2.1K]

Answer:

A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services

Explanation:

When modeling consumer​ behavior, utility reflects the enjoyment a consumer receives from consuming a particular set of goods and services

4 0
3 years ago
Other questions:
  • The ultimate source of an organization's culture is Group of answer choices A. Its top management Its environment B. The country
    10·1 answer
  • QS 5-12 Preparing a multi-step income statement LO P4 Save-the-Earth Co. reports the following income statement accounts for the
    9·1 answer
  • The lag problem associated with fiscal policy is due mostly to Group of answer choices the time it takes for changes in governme
    9·1 answer
  • Which luxury brand shares its name with the french explorer who is credited with naming canada?
    11·1 answer
  • Which is the most likely scenario in which someone would take out a short-term loan with a bank?
    6·1 answer
  • 1) Based on the video, which type of
    8·1 answer
  • All of the following securities are subject to reinvestment risk EXCEPT:(A)Municipal Bonds maturing in one year(B)Non-callable C
    12·1 answer
  • Given the following information pertaining to item AX143, determine the appropriate number of kanban cards that should be used t
    7·1 answer
  • Specialization and trade are closely linked to_____.
    6·1 answer
  • 4. The company receives money from customers. What are the elements involved in this transaction? Use the T-account rules to fin
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!