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Since managers are agents of stockholders, it is their professional obligation to make decisions to maximize the wealth of existing stockholders. Therefore, the interest of other stakeholders, such as customers, suppliers, employees, lenders, communities, as well as the society at large should not be a consideration in the decision making process. Is this statement true or false? EXPLAIN

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Absolutely false because other stakeholders like customers and employees are also an integral part of ...

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Since managers are agents of stockholders, it is their professional obligation to make decisions to maximize the wealth of existing stockholders. Therefore, the interest of other stakeholders, such as customers, suppliers, employees, lenders, communities, as well as the society at large should not be a consideration in the decision making process. Is this statement true or false? EXPLAIN

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