In 1931, the concept of stakeholder theory was first presented by A.A. Berle who suggested that managers should be guardians of the investments of the organization. The expansion of this custodianship to include the wider community was developed by _________ and is the genesis of current stakeholder theory.
a. Edward Freeman
b. E. Merrick Dodd, Jr.
c. Milton Friedman
d. Archie Carroll
b. E. Merrick Dodd, Jr.
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A method of assigning probabilities which assumes that the experimental outcomes are equally likely is referred to as the _____ method.
A. objective B. classical C. subjective D. experimental
When making a decision, selecting the alternative that meets the minimum decision criteria is selected is known as ________.
A. normalcy bias B. optimism bias C. satisficing D. flipism
The first step in the marketing process is to ______.
A. create a product B. deliver the message C. identify a target audience D. respond to customers’ needs
The ________ inventory system updates accounting records for each purchase and each sale of inventory.
Fill in the blank(s) with the appropriate word(s).