managers
Not what you're looking for?
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
Purchase this Solution
Solution Summary
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
Solution Preview
Absolutely false because other stakeholders like customers and employees are also an integral part of ...
Education
- BComm, University of Delhi
- Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
Recent Feedback
- "Thanks"
- "Thanks"
- "Very good! "
- "thanks"
- "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Motivation
This tests some key elements of major motivation theories.