How Could the Assumption of Profit Maximization Be Justified

question 20

Multiple Choice

How could the assumption of profit maximization be justified?

• A)The managers of a commercial firm who do not seek profit maximisation are more likely to lose their jobs, so only profit maximisers will survive.
• B)Business scandals such as those that took place at Enron and Ahold prove the wrongness of this assumption; therefore nobody should try to justify it
• C)It cannot be justified and is only an easy and common way to overcoming the difficulty to define the ultimate goal of the firm
• D)It does not need to be justified because it is a basic assumption of business.

Identify how preschool participation can influence children and families, particularly in terms of academic and socio-emotional development.

Understand how language and reading at an early age can significantly affect vocabulary and school readiness.

Recognize the disparities in preschool enrollment and its consequences on children's future educational opportunities.

Understand various instructional strategies and their impact on student learning.

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Definitions:

Sexist Remarks

Statements or comments that discriminate or demean someone based on their gender.

Horizontal Communication

Communication among colleagues or coworkers at the same level within an organization.

Marketing Plan

A comprehensive document or strategy outlining a company's advertising and marketing efforts for a specific period, detailing objectives, target markets, and tactics for promoting products or services.

Research and Development

A systematic activity combining both basic and applied research, aimed at discovering solutions to problems or developing new goods and knowledge.