Business, 23.01.2020 18:31, veaseyjermarius1234
According to milton friedman, "business has only one social responsibility β to make profits (as long as it stays within the legal and moral rules of the game established by society).
few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible."
explain why you agree or disagree with such a statement.
Answers: 2
Business, 21.06.2019 18:50, toshahoskins0098
You are the manager of a firm that produces output in two plants. the demand for your firm's product is p = 20 β q, where q = q1 + q2. the marginal costs associated with producing in the two plants are mc1 = 2 and mc2 = 2q2. how much output should be produced in plant 1 in order to maximize profits?
Answers: 3
Business, 22.06.2019 10:20, LadyHolmes67
Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.
Answers: 1
According to milton friedman, "business has only one social responsibility β to make profits (as lon...
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