Question: Profit maximization is not a useful decision - making device for the following reasons. Check all that apply. It has the capacity to reflect time
Profit maximization is not a useful decisionmaking device for the following reasons. Check all that apply.
It has the capacity to reflect times effect on alternative decisionsfor example, the differences between shortterm and longterm results.
It has the capacity to evaluate differences in the riskiness of alternative decisions.
Its absence of a time dimension means that it lacks the capacity to compare and assess the differences between the firms shortterm and longterm profits.
It lacks the capacity to evaluate differences in the riskiness of alternative decisions.
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