Which of the Following Is True of the Difference Between

question 11

Multiple Choice

Which of the following is true of the difference between the Business Roundtable's view and Friedman's theory with regard to the conceptions of social responsibility?

• A) In contrast to the Roundtable's basic view that does not admit constituencies, Friedman's theory identifies seven constituencies: customers, employees, financiers, suppliers, communities, society at large, and shareholders.
• B) The Roundtable views shareholders as principals, whereas Friedman views them as providers of capital risk.
• C) In contrast to the Roundtable's perspective, the principals in Friedman's theory are managers.
• D) The objective of a corporation is not as clearly identified in the Roundtable statement as it is in Friedman's theory.

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Definitions:

Broken Back

A term sometimes used in medical or veterinary contexts to describe a fracture or series of fractures along the spine.

Companion Flanges

Components used to connect rotating shafts in machinery, allowing for the transmission of power.

Driveline Arrangement

The layout and components of a vehicle's system that delivers power from the transmission to the drive wheels.

Standpipe

A vertical pipe designed to provide a point of access to a water supply, often used by firefighters for hose connections.