What is the Friedmanite theory?

The Friedman doctrine, also called shareholder theory or stockholder theory, is a normative theory of business ethics advanced by economist Milton Friedman which holds that the social responsibility of business is to increase its profits.

What is Milton Friedman’s position on the social responsibility of a business?

The Friedman Doctrine holds that decisions concerning social responsibility rest on the shoulders of the shareholders, not the executives of the company. He argues that an entity is not obligated to any social responsibilities unless the shareholders decide to such an effect.

What is Friedman palate position?

1. The Friedman Palate Position is based on visualization of structures in the mouth with the mouth open widely without protru- sion of the tongue. Palate grade I allows the observer to visualize the entire uvula and tonsils. Grade II allows visualization of the uvula but not the tonsils.

What is meant by monetarism?

monetarism, school of economic thought that maintains that the money supply (the total amount of money in an economy, in the form of coin, currency, and bank deposits) is the chief determinant on the demand side of short-run economic activity.

What was Milton Friedman’s thesis statement?

The thesis defends the stockholder theory as envisioned by Milton Friedman, that the only social responsibility of corporations is to increase its profits, while staying within “the rules of the game” which are a set of side-constraints on profit-maximization.

What is modified Mallampati score?

The modified Mallampati classification is a simple scoring system that relates the amount of mouth opening to the size of the tongue and provides an estimate of space available for oral intubation by direct laryngoscopy.

What is monetarist view?

Monetarism is a macroeconomic theory which states that governments can foster economic stability by targeting the growth rate of the money supply. Essentially, it is a set of views based on the belief that the total amount of money in an economy is the primary determinant of economic growth.

What is Keynes famous for?

Keynesian economics gets its name, theories, and principles from British economist John Maynard Keynes (1883–1946), who is regarded as the founder of modern macroeconomics. His most famous work, The General Theory of Employment, Interest and Money, was published in 1936.

What did Milton Friedman believe to be the sole responsibility of business?

Friedman argued that returning value to shareholders was the primary responsibility of business and suggested that “Greed is Good.” Shareholders, of course, could invest their money in whatever causes they desired, but Friedman believed companies should focus their own efforts on creating value for shareholders.

What is the friedmanite conception of corporate social responsibility and how is it argued for?

A Friedmanite argues that you treat employees and customers well to make a profit; good treatment is a means to an end.

What is the most difficult Mallampati score for intubation?

class 3 or 4
A high Mallampati score (class 3 or 4) is associated with more difficult intubation as well as a higher incidence of sleep apnea.

Why is a Mallampati score important?

The Mallampati score is a simple test that can be a good predictor of obstructive sleep apnea. In anesthesia, the Mallampati score (or Mallampati classification) is used to predict the ease of intubation. It can also be used to predict whether a patient might have obstructive sleep apnea.

What is the monetarist view?

A monetarist is an economist who holds the strong belief that money supply—including physical currency, deposits, and credit—is the primary factor affecting demand in an economy. Consequently, the economy’s performance—its growth or contraction—can be regulated by changes in the money supply.

What is the difference between Keynesian and monetarist?

Monetarists believe in controlling the supply of money that flows into the economy while allowing the rest of the market to fix itself. In contrast, Keynesian economists believe that a troubled economy continues in a downward spiral unless an intervention drives consumers to buy more goods and services.

What is the difference between monetarists and Keynesians?