According to the _____ view of the firm, the job of top managers was to produce the highest possible stock market valuation of the firm's assets.
A) managerial
B) stakeholder
C) contingent
D) shareholder

Question

Quizplus · Accepted Answer

The shareholder view of the firm prioritizes the interests of the shareholders by aiming to maximize the stock market value of the firm's assets. Top managers are seen as accountable to the shareholders and their primary goal is to generate profits and increase the value of the company for the benefit of the shareholders. This view has been criticized for neglecting the interests of other stakeholders such as employees, customers, and the broader community.

According to the _____ View of the Firm, the Job