The reasons on whether most of the corporate officers and financial managers are often criticized for poor decisions, absence of ethical behaviour, larger salaries, lucrative severance packages worth million dollars and extravagant lifestyles during financial crisis. Introduction: A financial manger who deals with all the vital budgetary elements of a business. The individual in control ought to keep up a distant sightedness so as to guarantee that the funds are used in the most effective way.

Question

Nobel laureate economist Milton Friedman said that companies should focus on maximizing profits, not social responsibilities or purposes. Do you agree with this view? State two (2) reasons, why or why not?

Answer 1

Question

Chapter 16, Problem 1DQ

Summary Introduction

To Discuss: The reasons on whether most of the corporate officers and financial managers are often criticized for poor decisions, absence of ethical behaviour, larger salaries, lucrative severance packages worth million dollars and extravagant lifestyles during financial crisis.

Introduction: A financial manger who deals with all the vital budgetary elements of a business. The individual in control ought to keep up a distant sightedness so as to guarantee that the funds are used in the most effective way.

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