Fred, a Manager in a Multinational Corporation, Is a Supporter

question 38

Multiple Choice

Fred, a manager in a multinational corporation, is a supporter of Milton Friedman's instrumental contract. Fred believes that corporations:

• A)should actively work to protect the environment of the countries in which they operate.
• B)must run welfare programs for the people of the countries in which they operate.
• C)need to cease working in less-developed countries.
• D)carry no moral obligation to the countries in which they operate.

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Definitions:

Credit Report

A detailed report of an individual's credit history prepared by a credit bureau.

True Interest Rate

The actual cost of borrowing money, expressed as a percentage, accounting for all charges including interest, transaction fees, and any other related costs.

Performance Warranties

Guarantees provided by a seller or contractor to a buyer that a product or service will meet specified performance criteria.

Enforce

To compel observance of or obedience to a law, rule, or obligation.