In the context of a stakeholder view of a firm, which of the following views is supported by the free market advocates?a. A firm's first and foremost stakeholder group is the shareholders, and managers have a fiduciary duty to look after shareholder interests.b. Social goals, such as providing employment and social welfare, are in the best interest of a firm's overall development.c. Capitalistic organizations should be transformed into socialist organizations.d. A firm should not exercise privatization as it shifts the focus of the firm from being purely economic and reduces its efficiency.

Then try StudyFetch, the AI-powered platform that can answer your questions and teach you more about it!