Why is profit maximization an unsatisfactory goal for managing a firm?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Profit maximization is not a satisfactory goal when managing a firm ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Question Posted:
Students also viewed these Corporate Finance questions
-
Why is value maximization superior to profit maximization as a goal for management?
-
Is the goal of maximization of shareholder wealth necessarily ethical or unethical? How can Google justify its actions in the short run to its long-run investors?
-
Is the shareholder wealth maximization goal a short- or long-term goal? Explain your answer.
-
Classify the effect of a distribution in a year when the distributing corporation has the following conditions. a. A deficit in accumulated E & P and a positive amount in current E & P. If a...
-
List the seven layers of the OSI reference model, and give a description of the role of each layer in one or two sentences?
-
Three workers Govind, Ram and Shyam respectively produced 80, 100 and 120 pieces of product X on a particular day in May 2007 in a factory. The time allowed for 10 units of product X is 1 hour and...
-
Data set: Systolic blood pressure levels (in millimeters of mercury) of 28 patients Construct a frequency distribution and a relative frequency histogram for the data set using five classes. Which...
-
As of June 30, 2012 (the computation date for the 2013 tax rate), Amanda Company had a negative balance of $1,015 in its unemployment reserve account in State A. The company's average payroll over...
-
The Hilbert matrix H is square matrix where row i and column j (using Python's zero indexing) of the n x n matrix are given by: 1 Aij for i = = 0,...,n 1, and for j = 0,...,n-1 i+j+1 For n=5 the...
-
Chicks with Kicks is a boxing club for women. The club manufactures all of its own punching bags out of high-quality leather and sand from Los Roques, one of Venezuela's most beautiful beaches. The...
-
Why does the internal auditor report to both the CFO and the board of directors?
-
Explain why maximizing the current market price of a firms stock is an appropriate goal for the firms management.
-
In Problem find all horizontal and vertical asymptotes. x' - 1 x - x? - x + 1 f(x) .3
-
__________ is a learned technique for refocusing attention to bring about an altered state of consciousness.
-
The latest version of DSM is considered to be the definitive guide to defining psychological disorders. True or false?
-
Difficulty in accessing a memory because of the presence of other information is known as __________.
-
What are the different definitions and conceptions of intelligence?
-
Match the type of memory with its definition: 1. Long-term memory a. 2. Short-term memory b. 3. Sensory memory C. Holds information 15 to 25 seconds Stores information on a relatively permanent basis...
-
Refer to Table 2.5, in which the balance sheet of JNJ company for the year 2008 and 2009 are given. Draw the pie chart of the composition of the total current asset of JNJ for the year 2008 and 2009,...
-
The Higher the time period of the financial security the higher the. ............... risk. O a. Maturity O b. Default and Maturity Oc. Default O d. Liquidity
-
Discuss an example of a project that is not subject to resource constraints. Is this project subject to other constraints?
-
Evaluate the following statement: Managers should not focus on the current stock value because doing so will lead to an overemphasis on short-term profits at the expense of long-term profits.
-
Evaluate the following statement: Managers should not focus on the current stock value because doing so will lead to an overemphasis on short-term profits at the expense of long-term profits.
-
Evaluate the following statement: Managers should not focus on the current stock value because doing so will lead to an overemphasis on short-term profits at the expense of long-term profits.
-
Explain organizational change and briefly discuss the three types of change? ( 350 words please)
-
Identify an organization that has experienced change Classify the type of organizational change the organization experienced Describe how the organization overcame the resistance to the change...
-
Carlton Bank has an increase in reserves of $1,000,000. If the reserve ratio is 10%, by what amount may Carlton increase its demand deposits?
Study smarter with the SolutionInn App