A. FIRM AND ITS OBJECTIVE: Conventional theory of firm assumes profit maximization is the sole objective of business firms. But recent researches on this issue reveal that the objectives the firms pursue are more than one. Some important objectives‚ other than profit maximization are: (a) Maximization of the sales revenue (b) Maximization of firm’s growth rate (c) Maximization of Managers utility function (d) Making satisfactory rate of Profit (e) Long run Survival of the firm (f) Entry-prevention
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Tyler Compton Take out your number two pencils its that time of the year again when everybody stresses out and stays up for countless hours preparing for a test that could make or break your grade. Backpacks overflowing with test taking equipment and eagerly awaiting the next day telling whether you passed your grade or not. Final exams shouldn’t be what states if a student has the necessary skills to move on to the next level. One test is not an accurate assumption of a students skills or what
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The Importance of Attention to Detail In life a person generally finds out at an early age that acquiring the ability to focus and concentrate are crucial skills that aren’t easily learned. By nature‚ humans lack patience and are always looking to get the answer to a problem as quickly and as easily as possible. It’s not hard to see why this trait is so ingrained in the brain simply because it’s natural to want to avoid the frustration and the wasted time it takes to solve a problem or listen to
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And my fingers for battle; My lovingkindness and my fortress‚ My stronghold and my deliverer; My shield and He in whom I take refuge; Who subdues my people under me. Ecclesiastes 3:8 A time to love‚ and a time to hate; A time for war‚ and a time for peace. War is necessary. War causes lot of pain and destruction but brings in peace. No pain‚ no gain. To gain peace‚ we must accept the pain of war. If the people feel that the government is not ruling justly‚ they fight against the government. If
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Tool For Stakeholder Analysis Stakeholder Name Goals/Interests Alignment and Power* Executive directive - She does not want to damage the relationship with donors Powerful Opponent High-1 US producers of medical supply - Given the state of lax internal controls‚ some of the donors are inflating the value of their donations for tax purposes Opponent High-2 Partners of nonprofit org. in other countries + Wants to maintain their reputation and steady inflow of donations Allies
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Effects of Raising Interest Rates If a central bank increases the base rate‚ this tends to increase all major interest rates in the economy. This means interest rates for both savers and borrowers will increase. Higher interest rates will have various economic effects: 1. Increases the cost of borrowing. Interest payments on credit cards and loans will be more expensive. Therefore this discourages people from borrowing and saving. People who already have loans will have less disposable income
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What feasibility? Discuss in detail the tests a systems analyst uses to evaluate feasibility. Feasibility study is an analysis undertaken to determine whether or not a systems request is worthy of further consideration. The feasibility study helps to “frame” and “flesh-out” the systems specifically so they can be studied in-depth. The general objective of the feasibility study is to answer overall questions concerning technical‚ operational‚ economic and schedule feasibility. Technical feasibility
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Locking up criminals behind bars only puts them under isolation and manipulates minor offenders in becoming worst. Therefore it is a crucial concern for nations to reform these criminals and make them of good use later in society.The alternatives to prison system which may reform offenders include community services‚ drug treatment‚ educational and vocational training‚ rehabilitation with psychiatric help. Community services can be given to minor offenders who impose no threat to society. The
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Writing for Various Audiences How do you earned respect? Respect according to the author is not what you dictate‚ but it is about your attitude. Firstly‚ respect is earned when you give respect to others. In an organization or the business world one need to earned respect from his subordinates by respecting them. The managers or owners do earned respect by respecting opinions‚ time‚ and the work that others do. Secondly‚ if you have not earned respect‚ you can recreate respect. You can recreate
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Goals and Purpose of a Firm Abstract This paper will give some insight of what the primary purpose or goal of a firm related to Milton Friedman. Profits‚ the surplus after the total costs are subtracted from revenues and of course after taxes are taking out will be the meaning. However‚ a firm and making a profit is not so cut and dry as you will see while ready my paper; society and the government has a hand in the firms staying in business so that the services
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