Maximizing Profit as the Manager's Goal Has Several Flaws,including

question 16

Multiple Choice

Maximizing profit as the manager's goal has several flaws,including:

• A) Earnings figures focus on past performance rather than current or future performance
• B) The timing of the profits may be ignored
• C) Focusing on earnings does not mean that the firm will necessarily have enough cash on hand to pay its bills
• D) Risk is ignored
• E) All of the above

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Definitions:

Incarceration Rate

The number of people held in prisons or jails per 100,000 population within a particular jurisdiction.

Controls

Measures or regulations to manage, direct, or command things or people.

Inmate Subculture

The values, norms, and behaviors that are adopted by prisoners, distinct from those of mainstream society.