1. What are some of the problem involves in the use of profit maximization as the goal of the firm? How does the goal of maximization of stockholders wealth deal with doe’s problem? The goal of profit maximization ignores two major factors which are timing and uncertainly‚ it is the cause of the problem of a firm. Using profit maximization project and investments are compared by examining expected values‚ not whether one project is riskier than the other. Profit maximization also ignores the timing
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directly in profits‚ for example by sponsorship of sporting events of the opera or other entertainment. Do these projects contradict the goal of maximization of shareholder wealth? Why or why not? Answer: Participating in programs that are socially responsible does not contradict the goal of maximization of shareholder wealth. Having a good reputation from your local community is very important for sustaining a business. Although it remains true that spending on social programs could cost a major
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depends on the use of the money not the context. In this poem most of the people will only do things for money and this is what Lang is really trying to emphasize about the main idea. The "Ballad of Worthy Wealth‚" is saying that no matter what the subject or ideal perception is that money can bring deception and total corruption in a society. Lang uses rhetorical language in this poem. He uses different words to show the mood/tone of the story such as "taketh"‚ "maketh"‚ "fro"‚ "can stow"‚ "to throw"
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The Paradox of Money and Happiness “The ideas that rich and poor are equal before the law and that the vote of a rich man counts just as much as those of a poor man are two of the most radical ideas in human history. They are‚ of course‚ the essence of democracy.” Robert Kuttner‚ the Power of Money (Boston Globe 2001) By this he seems to mean that‚ the vote of a poor man is as powerful as that of a rich man although when a rich man comes out to vote in public is becomes very
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The United States is a capitalistic nation‚ which is a normal phenomenon to have a wealth inequality. Otherwise‚ it would be a communist nation. However‚ when the wealth gap is too wide‚ there would be a big problem‚ such as the working class people are not able to afford their shelters and foods. Capitalism is known as an economic and political system in which a country’s trade and industry are controlled by individuals rather than the government. In other words‚ capitalism is a system that the
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The poem Ballade of Wordly Wealth by Andrew Lang describes the truth about money. People will do anything for money and can easily corrupt our society. The main speaker is the author‚ Andrew Lang speaking to many different people in the poem. Merchants‚ soldiers‚ captains‚ priests and so on. That is who is in his time frame between 1844 and 1912. This poem is a form of Haiku‚ a Japanese poetry that contains 5 syllables in the first line‚ and 7 syllables in the second line and 5 syllables in the
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material possessions‚ and wealth is defined as a great quantity or store of money‚ valuable possessions‚ property‚ or other riches. In society today cars‚ clothes‚ diamonds‚ and houses are the symbol of status for people. If you ’re living in poverty clothing‚ shelter‚ and food are a statement of nothing other than the fact that you ’re going to live another day. "Economists measure poverty by income‚ assets‚ and socioeconomic metrics"2. United states outlook on what wealth is is entirely different
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The Pursuit of Happiness In Book I of Neomachean Ethics Aristotle explores the issue of happiness in order to determine the nature of the experience and its effects on the way people live their lives. He talks about the success and fulfillment of happiness and how it is our highest goal. However‚ Aristotle does not say that we should aim for happiness‚ but we do aim at happiness. His point is not to say that we should live happy lives‚ but to show us what a happy life consists of. He states a
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05 May 2013 Happiness Nowadays‚ people talk a lot about happiness; they even write tens and hundreds of books dealing with this concept from a philosophical perspective in order to find its relationship with daily life. Unfortunately‚ there are always controversies about the nature and origin of happiness: is it health‚ love‚ money‚ job‚ or success? In fact‚ happiness cannot be reached as a treasure such as gold or silver because it is more expensive than all that brings you wealth. In other words
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Maria Vazquez L. Sarigiani English 4 9 August 2011 The Downfall of Competition Theodore Rubin‚ an established psychoanalyst‚ wrote the essay Competition and Happiness in 1980. Although it is perceived that competition benefits the participants‚ Rubin clearly states that competition leads to people living unhappy lives (Rubin). This holds true because Rubin provides clear-cut‚ convincing examples‚ and I have experienced similar incidents. In his excerpt‚ Rubin provides effectively convincing
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