Why Is It Not Advisable for Managers to Have Single-Minded

question 31

Essay

Why is it not advisable for managers to have single-minded focus on shareholders alone?

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Definitions:

Normal Balances

The side (debit or credit) of an account that is expected to increase, consistent with the principles of double-entry bookkeeping.

Assets

Economic resources owned or controlled by a business or individual, capable of producing value.

Liabilities

Financial obligations or debts owed by a business to external parties or entities.

Owner's Capital

The amount of money and assets the owner has invested in a business.