Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers 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
d
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In most countries, strong, consistent eye contact is considered a sign of confidence
Indicate whether the statement is true or false
Which of the following statements is CORRECT?
A. Under current laws and regulations, corporations must use straight-line depreciation for all assets whose lives are 5 years or longer. B. Corporations must use the same depreciation method (e.g., straight line or accelerated) for stockholder reporting and tax purposes. C. Since depreciation is not a cash expense, it has no effect on cash flows and thus no effect on capital budgeting decisions. D. Under accelerated depreciation, higher depreciation charges occur in the early years, and this reduces the early cash flows and thus lowers a project's projected NPV. E. Using accelerated depreciation rather than straight line would normally have no effect on a project's total projected cash flows but it would affect the timing of the cash flows and thus the NPV.
The normal distribution is an appropriate model of:
A) the high initial failure rates of product, machine, or processes. B) system reliability where components are connected in series. C) system reliability where components are connected in parallel. D) the MTBF distribution of products, machines, or processes that have "settled in." E) the full cost view of maintenance.
An exclusive distribution agreement is considered:
a. a horizontal restraint of trade. b. an illegal restraint of trade. c. an abuse of dominant market position. d. a vertical restraint of trade.