To what extent do you believe profit maximisation is a realistic criterion for the effective management of
Question:
To what extent do you believe profit maximisation is a realistic criterion for the effective management of a business organisation? What other indicators might be applied in terms of organisational performance and results?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
Profit maximization is often seen as a traditional and straightforward criterion for evaluating the effectiveness of a business organization especially from a shareholder or financial perspective Howe...View the full answer
Answered By
Amit Choudhary
I'm new in this profession regarding online teaching but previously i used to teach students near my college. I am teaching on online platform since last year and got good support from the students. I'm teaching on platforms like chegg and vedantu and also at my home in free time.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
To what extent do you believe that profit maximisation is a sufficient criterion for the effective management of a business organisation? What other indicators might be applied in terms of...
-
To what extent do you believe the state board laws and educational requirement are effective in maintaining ethical practices among the state licensed CPAs? why?
-
To what extent do you believe Patagonia and Build-a-Bear Workshops ethical cultures drive their views on partnering?
-
Explain the relationship between three Statement objects, and illustrate why and how the CallableStatement object can use the setXXX() methods defined in the PreparedStatement interface.
-
Walter Van Houten and John King formed 1545 Ocean Avenue, LLC, with each managing 50 percent of the business. Its purpose was to renovate an existing building and construct a new commercial building....
-
As a hobby, Salome creates and sells oil paintings. During the current year, her sales total $8,000. How is the tax treatment of her hobby different from the treatment of a trade or business, if a....
-
What is the carrying amount of a bond payable?
-
A sole proprietorship was started on January 1, 2014, when it received $30,000 cash from Alex Ard, the owner. During 2014, the company earned $50,000 in cash revenues and paid $22,300 in cash...
-
2. Camille launches a model rocket in an open field near her house. The rocket has a bit of a problem, being slightly off balance. Its trajectory is described by the function y = 60In(x + 1) - 6x for...
-
The single, most important objective for the business organisation is profit maximisation, ideally combined with high monetary rewards for members of staff. this is the bottom line and the only...
-
Successful and enduring organisations may well have a clear ideology and idealistic motivation but members of staff are more likely to be committed to the goals and performance of the organisation by...
-
When is conflict beneficial, and when is it harmful? Why?
-
Q1A Recommendations to enhance user experience for the following: 1. Provide specialized training 2.Focus on staff training and allocation 3.Encourage employees to practice concise communication in...
-
Predict VectorCal's indirect costs based on the direct costs (e.g. direct labor, direct materials or both). Speculate on what the indirect costs of the existing companies bodes for the future of...
-
https://www.forbes.com/sites/trevornace/2019/04/29/london-marathon-runners-were-handed-seaweed-pouches-instead-of-plastic-bottles/#6f40100e2ba2 Seaweed pouches are interesting in my opinion. 1. What...
-
13. List few steps that you would take to determine preferred repair actions. 14. List at least three technical and calibration equipment for vehicle system inspection? 15. What steps should you take...
-
Alton Incorporated is working at full production capacity producing 24,000 units of a unique product. Manufacturing costs per unit for the product are as follows: Direct materials Direct labor...
-
According to a report from the U.S. Census Bureau, "the average [lifetime] earnings of a full-time, year round worker with a high school education are about $1.2 million compared with $2.1 million...
-
Chloroplasts are illuminated until the levels of the Calvin cycle intermediates reach a steady state. The light is then turned off. How does the level of RuBP vary after this point?
-
Using the classifications of organisational culture proposed by Handy, and by Deal and Kennedy, you are required to: 1. Compare and contrast influences on the development of culture in any two...
-
Forget business workshops and case studies recessions provide real-time opportunities for executive learning as old myths are brought into question and management innovations emerge. Historically a...
-
An organisation cannot develop, or change. It is the people comprising the organisation who determine the culture of the organisation, develop and change. The study of organisation culture and change...
-
Required information [ The following information applies to the questions displayed below. ] Portions of the financial statements for Parnell Company are provided below. Required: Prepare the cash...
-
ABC, Corporation upon approval of its Articles of Incorporation by Secretary of State of State where it incorporated had 1 , 0 0 0 . 0 0 shares authorized to issue to shareholders. Aaron was issued 1...
-
Where did you get the opening balance?
Study smarter with the SolutionInn App