________,Who Won the Nobel Prize in Economics When He Taught

question 90

Multiple Choice

________,who won the Nobel Prize in economics when he taught at the University of Chicago,advocated the theory of maximizing profits for shareholders.

• A) Benjamin Stein
• B) Milton Friedman
• C) John Maynard Keynes
• D) Adam Smith
• E) Arthur Laffer

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Definitions:

Competitive Advantage

A unique attribute or ability a company has that enables it to outperform its competitors.

Benefits

Advantages or perks provided to employees in addition to their regular compensation, such as health insurance, retirement plans, and paid time off.

Social Responsibility

The obligation of companies to act in ways that benefit society at large, beyond their own interests or profitability.

Strategic Planning

The process of defining a business's direction and making decisions on allocating its resources to pursue this strategy, including its capital and people.