The Main Objective of Corporate Management Is to

question 14

Multiple Choice

The main objective of corporate management is to

• A)behave in a socially responsible manner.
• B)minimize the value of all outstanding liabilities.
• C)maximize the value of the firm.
• D)Both A and B are true since minimizing outstanding liabilities maximizes firm value.

---

Definitions:

Recognition Strikes

Strikes initiated by workers to force an employer to recognize their union as the official bargaining agent for the workforce.

Strike Replacements

Workers who are hired to fill the positions of striking employees during a labor strike.

Bargaining Power

The relative capacity of parties in a negotiation to influence the terms and conditions of agreements.

Loose Labor Market

A situation in the job market where the supply of workers exceeds the demand for labor, often leading to higher unemployment rates and lower wages.