Explain why profit maximization is not the best goal for a company. What is an appropriate goal?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Although profit maximization appears to be the logical goal for an...View the full answer
Answered By
Gauri Hendre
I worked as EI educator for Eduphy India YT channel. I gave online tutorials to the students who were living in the villages and wanted to study much more and were preparing for NEET, TET. I gave tutions for topics in Biotechnology. I am currently working as a tutor on course hero for the biochemistry, microbiology, biology, cell biology, genetics subjects. I worked as a project intern in BAIF where did analysis on diseases mainly genetic disorders in the bovine. I worked as a trainee in serum institute of India and Vasantdada sugar institute. I am working as a writer on Quora partner program from 2019. I writing on the topics on social health issues including current COVID-19 pandemic, different concepts in science discipline. I learned foreign languages such as german and french upto A1 level. I attended different conferences in the science discipline and did trainings in cognitive skills and personality development skills from Lila Poonawalla foundation. I have been the member of Lila poonawalla foundation since 2017. Even I acquired the skills like Excel spreadsheet, MS Office, MS Powerpoint and Data entry.
5.00+
4+ 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 profit maximization an unsatisfactory goal for managing a firm?
-
Why is value maximization superior to profit maximization as a goal for management?
-
Explain the shareholder wealth maximization goal of the firm and how it can be measured. Make an argument for why it is a better goal than maximizing profit.
-
Suppose that a product can be sold at split-off for $5,000 or processed further at a cost of $1,000 and then sold for $6,400. Should the product be processed further?
-
Some of the acronyms used in this chapter are listed below. Provide the full names for each of these acronyms?
-
In a group of one or two other students, go to the library and locate Statement of Financial Accounting Standards No. 95, "Statement of Cash Flows," published by the Financial Accounting Standards...
-
SAT essayis longer better? Following the debut of the new SAT Writing test in March 2005, Dr. Les Perelman from the Massachusetts Institute of Technology recorded the number of words and score for...
-
Elizabeth Pie Company has been in business for 50 years and has developed a large group of loyal restaurant customers. Giant Bakery Inc. has made an offer to buy Elizabeth Pie Company for $5,000,000....
-
Drop down options: 1. term, whole, universal 2. term, while, universal Ch 08: Assignment - Insuring Your Life Back to Assignment Attempts: Average: 2 8. Choosing policies based on circumstances Which...
-
Refer to the annual report of Campbell Soup Company in Appendix A. Required: a. Determine the book value per share of Campbell Soup's common stock for Year 11. b. Identify the par value of Campbell...
-
Why would the owners of a business choose to form a corporation even though they will face double taxation?
-
What are some of the external and internal factors that affect a firms stock price? What is the difference between these two types of factors?
-
An oscillating current in a electric circuit is described by i = 9e 1 cos(2t), where t is in seconds. Determine all values of t such that i = 3.
-
Your company has a Microsoft 365 E5 subscription. You need to review the Advanced Analysis tab on emails detected by Microsoft Defender for Office 365. What type of threat policy should you...
-
(a) The Bright company is evaluating a project which will cost Rs 1,00,000 and will have no salvage value at the end of its 5-year life. The project will save costs of Rs. 40,000 a year. The company...
-
Dispatcher Collins is retiring after 30 years on the job. If each of the 38 officers in the department contributes $9 for a retirement gift, what is the total amount that could be spent on this gift
-
XYZ CO Adjusted Trial Balance Debit Credit Cash Accounts receivable Office supplies Prepaid rent $ 40 850 1 490 1 530 4 000 Office equipment Accumulated Depreciation Accounts payable 7 000 $ 450 1...
-
What positive outcomes could result from implementing job enlargement, job rotation, and job enrichment in an organization with which you are familiar? What objections or obstacles might be...
-
Interpreting Regression ResultsProcess Costing: (Knowledge of equivalent units is required for this problem.) Management of Waverly Processing. Inc., wants to obtain better cost estimates to evaluate...
-
What is a make-or-buy decision?
-
Use the modular technique to estimate the time required to prepare a proposal or business plan for manufacturing a new medical device that analyzes blood enzymes.
-
Could a companys cash flow to stockholders be negative in a given year? Explain how this might come about. What about cash flow to creditors?
-
Referring back to the Merrill Lynch example used at the beginning of the chapter, note that we suggested that Merrill Lynchs stockholders probably didnt suffer as a result of the reported loss. What...
-
A firms enterprise value is equal to the market value of its debt and equity, less the firms holdings of cash and cash equivalents. This figure is particularly relevant to potential purchasers of the...
-
How do warehouses and distribution centers differ? What is cross-docking and why might a company choose to cross-dock a product? What kinds of products can be delivered electronically? What kinds...
-
Strawberry Inc. has historically been an all-equity firm. The analyst expects EBIT to be $1.5B in perpetuity starting one year from now. The cost of equity for the company is 11.5% and the tax rate...
-
Guzman company received a 60- day, 5 % note for 54,000 dated July 12 from a customer on account. Determine the due date on note. Determine the maturity value of the note and journalize the entry of...
Study smarter with the SolutionInn App