CHAPTER 3 Multiple Choice Questions 1. According to Milton Friedman, an executiv
ID: 3449510 • Letter: C
Question
CHAPTER 3 Multiple Choice Questions 1. According to Milton Friedman, an executive imposes taxes on He or she uses corporate funds for social causes He or she pays dividends He or she fails to take all available deductions All of the above said, All businesses, forewarned, should be proactive, not reactive. They must be to the court fire with fire and, if necessary, should be prepared to take their caseall the way 2. a. b. c. d. R. Edward Freeman Milton Friedman Michael Novak Robert Halfon 3. Which of the following is not considered a stakeholder? Competitors Suppliers c. Customers d. Shareholders e. All of the above are considered stakeholders 4. Who believes that putting shareholders first is the wrong approach to corporate governance? a. b. R. Edward Freeman Milton Friedman c. Marjorie Kelly d. Robert Halfon 5. Who would take issue with the philosophy, "Treat employees well because then stockholders will prosper"? Immanuel Kant Michael Novak All of the above b Marjorie Kelly dBoth a and b 6 What was the issue with the Ice-T Body Count CD? People objected because the lyrics suggested killing police officers The lyrics were obscene The CD was not selling dNone of the above 7 Who said, "The question is not about business, it's about responsibility"?Explanation / Answer
1. a is correct. Taxes are levied by companies when the shareholders use the company profits for social cause.
2. d.Robert Halfon said the given quote.
3. d. Shareholders are not considered as stakeholders.
4. a. Freeman argued against the shareholder theory of corporate governance.
( please upload the other questions separately. We can take 1 question at a time. However, I can understand your need and so I have taken 4 questions here)