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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Intercontinental University Why do firms purchase other corporations? Many firms purchase other companies to make their company larger. The growth of a company is achieved through expansion of purchasing already built companies and expanding their business into empty building. Merging with other companies is sometimes easier since the business is already setup. They can gain good managers and employee as well as formidable contracts that they were not using before. Do firms pay too much for the acquired
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How Would the World be Different in Adolf Hitler Never Existed? Imagine a world in which the Jewish population was much more prevalent. During the late 1930’s there were around 15 million Jews worldwide. However‚ by 1945 there were only 11 million Jews worldwide (Weinberg xii). How had there been such a drastic decrease in the Jewish population? The answer is one man: Adolf Hitler. Adolf Hitler was a German politician who was the dictator of Germany from 1934-1945. During this time‚ Hitler
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Why do firms become multinational enterprises? There are multiple ways to define what is meant by the term “multinational enterprise” (MNE)‚ most of which can be reduced to a short list of criteria summarised effectively by Franklin Root (1994). He defined an MNE as a parent company that i) engages in foreign production through its affiliates located in more than one country; ii) exercises direct control over the policies of its affiliates; and iii) implements transnational business strategies in
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1. Introduction The New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards‚ 1958 (“Convention” or “NYC”)‚ at its basest level‚ is a mutual understanding between signatory states that their legal systems will make genuine efforts at recognising and enforcing an arbitral award that is jurisdictionally linked to another signatory state. As it is first and foremost a creature of international law‚ this agreement obliges each signatory state to apply only the rules specified
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Constitutional convention feels that a bill of rights is unneeded. Guarantee of Habeas Corpus is the legal action which requires people to be brought before a judge or into court under arrest. Constitutional convention feels that way because the Bill of Rights must be charged for a crime‚ no ex post facto laws that punish crimes‚ get a jury trial for all crimes‚ no punishment for treason for anyone but the accused with two witnesses. Overall‚ the constitutional convention opinions on Bill of Rights
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France is at a critical point in its history something needs to change if we are to stay united as one France. As of now the national assembly wants to take away the church’s land and change the tradition of the Catholic Church in France. The Civil Constitution of the Clergy wants Church officials to be elected instead of appointed. Elections are not subject to papal confirmation which means that the new bishop may not apply to the pope for any form of confirmation. The new constitution states that
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("Bureau of labor‚" 2013) If you ask me‚ why would I join a union? The first reason why I choose to join a union is that the union can protect my rights. As we know‚ union is an important organization for employees. Employees can solve problems at work more effectively as a group. Through forming a union and negotiating a contract‚ employees can secure the things they like about their job‚ and they can make changes in areas that need improvement. (“Why form a union?”). And the union represent employees’
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Accounting concepts and conventions [pic] Going concern This concept is the underlying assumption that any accountant makes when he prepares a set of accounts. That the business under consideration will remain in existence for the foreseeable future. In addition to being an old concept of accounting‚ it is now‚ for example‚ part of UK statute law: reference to it can be found in the Companies Act 1985. Without this concept‚ accounts would have to be drawn up on the ’winding up’ basis
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2.’’The Monkey’s Paw`` comes to a disturbing end. What does the Father understand that the mother does not? How would the ending be different had Mrs. White opened the door before Mr. White made his third wish? Why were you surprised or not surprised by the story’s conclusion? The short story by W.W.Jacobs came to a disturbing end when Mr. White wishes his son away again after having been resurrected because he realises that there is always harm associated with the Monkey’s Paw. The story is
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