In Friedman's Words, the Reason That the Corporate Executive Is

question 42

Multiple Choice

In Friedman's words, the reason that the corporate executive is chosen by the stockholders is that:

• A) "They should have all of the power in all circumstances."
• B) "The executive is an agent serving the interests of his principal."
• C) "The executive should indeed keep the stockholder in mind when making difficult decisions."
• D) "Markets will afford him more respect."
• E) "The executive is the top employee, and they are the most important customer."

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Definitions:

Machinery

Machines collectively or a single machine, especially those used in industrial or agricultural processes.

Mean Time Between Failures

A reliability metric that measures the average time elapsed between a system failing and the next time it fails.

Maintenance

The routine activities required to keep a machine, system, or facility operating efficiently and to prevent any unexpected failures.

Reliability

The likelihood that a system or component will perform its required functions for a specified period under stated conditions.