Which of the Following Is True of Friedman's Conception of a Corporation

question 13

Multiple Choice

Which of the following is true of Friedman's conception of a corporation?

• A) The corporation engages in involuntary transactions with both resource providers and customers.
• B) In an inefficient capital market, shareholders will unanimously prefer that the firm be operated to maximize its market value.
• C) The corporation is managed by shareholders who act as agents.
• D) A corporation is a voluntary association of individuals who have joined together for a mutual purpose.

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Definitions:

Psychotic Disorders

A group of serious mental health conditions that affect the mind, causing impaired thoughts and emotions, often involving hallucinations or delusions.

Somatic Symptom

A physical symptom that can cause significant distress or impairment, which may be linked to psychological factors.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification of mental disorders with standardized criteria for diagnosis.

Anxious Thoughts

Worrisome ideas or concerns that can lead to feelings of anxiety or panic, often without a clear or immediate external cause.