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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.

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1. All of the factors below create a change in demand for alcohol except: a. Change in cigarette prices given that cigarettes an
Gnesinka [82]

Answer:

d. Rise in price of alcohol

Explanation:

Change in Quantity demanded occurs due to change in Price. Change in Demand happens due to factors other than price - Income, Substitute & Complementary good's price, Taste.

Change in alcohol demand - due to substitute Cigarette price change , Change [Decrease] in alcohol demand - due to change in taste based on anti drinking sentiments, higher risk of alcohol liver cirrhosis , Change [Increase] in alcohol demand - due to change [rise] in Income : These all are due to factors other than price & hence are 'Change in Demand'

Rise in price of Alcohol leads to 'Change [Expansion] in Quantity Demanded' due to price change [rise] .

5 0
3 years ago
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and a typical gasoli
kodGreya [7K]

Answer:

-1.5

Explanation:

Given the following :

Rothschild index = 0.6

Elasticity of demand for total market = - 0.9

Annual sale = $1,450,000

Elasticity of demand for a representative retailer's product :

Using the Rothschild demand Elasticity relation:

Rothschild index = (Elasticity of demand for total market / Elasticity of demand for a representative retailer's product

0.6 = - 0.9 / Elasticity of demand for a representative retailer's product

Elasticity of demand for a representative retailer's product = - 0.9 / 0.6

= - 1.5

4 0
3 years ago
Anthony most values receiving a good salary and benefits at his job, while Henry most values his workmanship pride and employee
emmainna [20.7K]

Answer: younger; older

Explanation:

Anthony is most likely younger as he still sees fulfillment when he gets a good salary and benefits from a good job while Henry is older, having set up a firm, values his employees and how the work is done.

3 0
3 years ago
Prices act as signals in markets. if the price of a good increases due to an increase in demand, this is a signal to producers t
Nataliya [291]
If the prices go to high then the demands will go down
4 0
3 years ago
Match each phrase that follows with the term (a–h) it describes.
slavikrds [6]

Answer:

1. G

2. D

3. A

4. H

5. E

6. B

7. C

8. F

Explanation:

1. First-in, first-out method: A process costing method that costs each period’s equivalent units of work with that period’s costs per equivalent unit

2. Equivalent units: Measure of the work done during a production period, expressed in terms of fully complete units of output

3. Direct labor and factory overhead: Conversion costs

4. Cost of production report: Summary of the activity in a processing department for a specific period

5. Process costing: Costing system used by a company producing computer chips

6. Direct labor and direct materials: Prime costs

7. Transferred-in costs: Costs incurred in a previous process that are carried forward as part of the product’s cost when it moves to the next department

8. Job order costing: Costing system used by a company producing custom window treatments.

4 0
3 years ago
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