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Question
From Friedmans perspective, a conception of corporate social responsibility (CSR) that differs from shareholder value maximization must be costly and can have only two interpretationseither a political process is to be used to make decisions or ________.
a) managers are to act as agents rather than as principals
b) managers are to act as principals rather than as agents
c) shareholders are to act as principals rather than as agents
d) consumers are to act as principals rather than as agents
Answer
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