- 21 Marks
FM – L2 – Q2 – Economic and regulatory environment
Explain why managers and owners may have different objectives, with examples of conflicts.
Question
(a) Managers and owners of businesses may not have the same objectives. Explain this statement, illustrating your answer with examples of possible conflicts of interest.
(b) In what respects can it be argued that companies need to exercise corporate social responsibility?
(c) How do the objectives of public sector organisations differ from those of private sector companies?
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