At a recent AGM of Disco Ltd, the company included a statement in its annual report as to the prime objective of the company. That was the \"maximization of shareholder wealth\".<\/p>
Following the meeting the Chairman received letters from the shareholders in connection with this statement. The main cause for concern raised by those letters were that the prime objective was not correct. Shareholders were suggesting that the prime objective should be the maximization of profit.<\/p>
Draft a reply for the Chairman of Disco Ltd supporting the company's published objective, which would be sent to each shareholder who had written, together with an appropriate comment on objective that had been suggested by the shareholders.<\/p>", "transcribed_text": "", "related_book": { "title": "Principles Of Finance", "isbn": "979-8439388899", "edition": "1st Edition", "authors": "Julie Dahlquist, Rainford Knight", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6290aa2348f9a_11251.jpg", "uri": "\/textbooks\/principles-of-finance-1st-edition-9798439388899", "see_more_uri": "" }, "free_related_book": { "isbn": "1264472919", "uri": "\/textbooks\/elite-student-edition-5-steps-to-a-5-ap-us-government-and-politics-2023-1st-edition-9781264472918-9781264473281", "name": "Elite Student Edition 5 Steps To A 5 AP US Government And Politics 2023", "edition": "1st\u00a0Edition" }, "question_posted": "2024-06-29 02:10:49", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/transparent-diffraction-grating-of-quartz-spectrograph-is-25", "description": "A transparent diffraction grating of a quartz spectrograph is 25 mm wide and has 250 lines per millimeter. 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