Why is profit maximisation considered incomplete as the definition of what most businesses seek to achieve?
Question:
Why is profit maximisation considered incomplete as the definition of what most businesses seek to achieve?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
It is considered incomplete because it lacks a time...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Why is profit maximisation considered incomplete as the definition of what most businesses seek to achieve?
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Bob Morin opened a medical practice specializing in surgery. During the first month of operation (August), the business, titled Bob Morin, Professional Corporation (P.C.), experienced the following...
-
What potential biases exist in calculating the CPI? What steps has the Bureau of Labor Statistics taken to reduce the size of the biases?
-
} } 2). Given the following program in C syntax, what is the value of z printed in main? (16 points) assuming operands are evaluated from left to right. 45 assuming operands are evaluated from right...
-
Figure P5.94 shows the mixing of two streams. The shear stress between each fluid and its adjacent walls is negligible. Why can't Bernoulli's equation be applied between points in stream 1 and the...
-
Buntzell Industrial Supplies distributes industrial equipment. The company's fiscal year ends on March 31, 2017. One department in the company had 50 items that cost $540 each on hand at January 1,...
-
Below are estimates related to Sando's 2022 budget, a company that specializes in crafting unique ornaments for the Caribbean: Selling Price: $2500 Variable Cost per Ornament: $1625 Fixed Annual...
-
Blue Computers, a major server manufacturer in the United States, currently has plants in Kentucky and Pennsylvania. The Kentucky plant has a capacity of 1 million units a year, and the Pennsylvania...
-
A monopoly supplier charges its customers very high prices. Is this consistent with the objective of maximising shareholders wealth? Explain your response.
-
When making a decision, an item of information needs to satisfy two criteria in order to be relevant and worthy of taking into account. What are these two criteria?
-
Graph the inequality x + 2y > 5.
-
State administrative agency operations prevail over federal agency actions. (True/False)
-
OptiWire makes plastic-coated wire. The process generates acidic and alkaline wastewater. OptiWire has a system in its plant to treat the wastewater. The water then flows into an open pit outside the...
-
When a new regulation will have a significant impact on a substantial number of small entities, an analysis must be conducted to measure the costs imposed on small businesses. (True/False)
-
The Federal Trade Commission (FTC) issued a subpoena to athletic shoemaker Sleek Feet to investigate the companys claims about the benefits of its shoes. Sleek Feet claimed that the shoes helped...
-
After an agency adjudication, the administrative law judges order must be appealed to become final. (True/False)
-
Identifying effect of product versus selling, general, and administrative costs on financial statements Required Nailry Corporation recognized accrued compensation cost. Use the following model to...
-
What do you think?
-
Last years statement of cash flows for Angus plc showed a negative cash flow from operating activities. What could be the reason for this and should the businesss management be alarmed by it?
-
Chen plcs income statements for the years ended 31 December 2019 and 2020 and the statements of financial position as at 31 December 2019 and 2020 are as follows: Included in cost of sales,...
-
What might be included as cash inflows from financing activities? Try to think of at least one example.
-
Lab result: https://youtu.be/gYcLqlTLFz0 Lab result: https://youtu.be/Kb7HrI4saQ0 2. What was the purpose of the (-) plasmid on the TSA plate? B) What was the purpose of the (+) plasmid on the TSA...
-
Standard Recipe Card Student ID Name of the dish Dish Description Portion Nos. Portion Size Sales Price Food Cost % Ingredients Item Qty Req. UoM Cost per UoM Yield % Actual Cost Input Calculation...
-
Larry finds a lens and shows it to his friends, Mirez and Sherly. All three look through it. Larry looks at the window across the room with the lens and says the window looks upside down. Mirez said...
Study smarter with the SolutionInn App