1. Corporation managers should always

   	1.	Act in the best interest of its shareholders and employees abnd let local governments deal with any adverse consequences
   	2.	Try to maximize the welfare of its managers and chief officers
   	3.	Try to act in the best interest of all the stakeholders
   	4.	Act in the best interest of the owners and let the government deal with any environmental or ethical issues

1 points

QUESTION 2

1. As long as a company is complying with all legal requirements, it should manage its operations in ways that

   	1.	Benefit only its managers, shareholders, and bondholders
   	2.	Not pay too much attention to codes of conduct because "business is business"
   	3.	Benefit only its employees and its customers
   	4.	Benefit its stakeholders while abiding by the ethical codes of conduct in society

1 points

QUESTION 3

1. The generally accepted primary goal or objective of the managers of a firm should be to

   	1.	Maximize bondholder value
   	2.	Maximize the company's sales
   	3.	Maximize shareholder value
   	4.	Maximize the company's profits

1 points

QUESTION 4

1. The common equity portion of a firm's balance sheet may include each of the following

   	1.	Common stock and retained earnings
   	2.	Common stock, bonds, and retained earnings
   	3.	Common stock and long-term debt
   	4.	Common stock and current liabilities