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1. Are non-owner stakeholders adversarial to firm profit? 2. Managerial agency level stakeholder research assumes that the ultimate corporate goal is the

1. Are non-owner stakeholders adversarial to firm profit? 2. Managerial agency level stakeholder research assumes that the ultimate corporate goal is the satisfaction of shareholder demands for market returns. Therefore, managerial decisions regarding the legitimacy and welfare of non-investor stakeholders are considered only for instrumental purposes. Explain what this means. What are the ethical implications of this