Since the Long Term Is a Series of Short Terms,short-Term

question 39

True/False

Since the long term is a series of short terms,short-term profit maximization will always lead to long-term profit maximization.

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Definitions:

Capital Expenditure

Long-term investments or expenditures made by a company to acquire or upgrade physical assets such as equipment, property, or industrial buildings.

Net Income

The amount of profit left over after all expenses and taxes have been subtracted from total revenue.

Depreciation Expense

The allocated portion of the total cost of a company's tangible assets that is charged to expense across the asset's useful life.