Financial Managers Should Primarily Focus on the Interests Of

question 34

Multiple Choice

Financial managers should primarily focus on the interests of:

• A) stakeholders.
• B) the vice president of finance.
• C) their immediate supervisor.
• D) shareholders.
• E) the board of directors.

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Definitions:

Social Exchange Theory

A theory suggesting that social behavior is the result of an exchange process aiming to maximize benefits and minimize costs.

Equity

The concept of fairness or justice in situations, ensuring everyone has equal access to resources and opportunities.

Reciprocity

A social norm that involves exchanging goods, services, favors, or other forms of value in a mutual manner.

Self-Disclosure

The act of revealing personal information about oneself to others.