According to the Friedman Doctrine

question 37

Multiple Choice

According to the Friedman doctrine,

• A) ethics are nothing more than the reflection of culture.
• B) a multinational's home-country standards of ethics are inappropriate to follow in foreign countries.
• C) businesses should not undertake social expenditures beyond those mandated by the law and required for the efficient running of a business.
• D) if a manager of a multinational sees that firms from other nations are not following environmental legislation in a host nation, that manager should not either.

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Definitions:

Project Variance

The difference between planned and actual project performance, often measured in terms of cost or time.

PERT Analysis

Stands for Program Evaluation and Review Technique, a method used in project management to analyze the tasks involved in completing a project, especially the time needed to complete each task.

Beta Distribution

A statistical distribution ranging from 0 to 1, often used in Bayesian analysis and project forecasting, representing a family of probabilities.

Project Management

The discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria within a specified time.