Today many financial managers accept the view that serving the needs of other stakeholders can be consistent with the goal of maximizing the value of the firm to its owners.

Question

Quizplus · Accepted Answer

This statement is true. Many financial managers now recognize that by serving the needs of other stakeholders such as employees, customers, suppliers, and the community, they can ultimately maximize the value of the firm for its owners. This approach is often known as "stakeholder theory" and has gained popularity in recent years as businesses have come to recognize the importance of corporate social responsibility and sustainability.

Today Many Financial Managers Accept the View That Serving the Needs