Milton Friedman argued that managers should try to maximize profit. Does his view conflict with the actions taken by senior executives of McDonald's to use corporate resources to support Ronald McDonald House projects? Explain. The actions of senior McDonald's executives to support Ronald McDonald House projects A. maximize profits if related media exposure is more effective than advertising. B. do not maximize profits because they have no effect on consumer demand. C. maximize profits if consumers are not charged higher prices to pay for the projects. D. do not maximize profits and give the company a bad reputation for wasting resources. E. do not affect profits because shareholders otherwise would have supported such projects.
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Milton Friedman argued that managers should try to maximize profit. Does his view conflict with the...
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