There are two reading assignments here. I encourage you to read Has Business Left Milton Friedman Behind and then skim/read the Friedman doctrine. Do a little more background research/reading if you find neccessary. Once base knowledge is established create a thesis based on these two articles. I want a short, one page (three at most) statement regarding your view of Milton Friedman and his beliefs that have dominated corporate philosophy/governance for the last 40 years.

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection