Milton Friedman believes that the sole objective of managers should be maximization of profit.

Name: Milton Friedman believes that the sole objective of managers should be maximization of profit.
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Milton Friedman's theory of shareholder primacy asserts that the primary objective of a business is to maximize shareholder wealth, which is achieved through the maximization of profits. Therefore, according to his theory, the sole objective of managers should be the maximization of profit.

Milton Friedman Believes That the Sole Objective of Managers Should