Profit Maximization as the Goal of the Firm Is Not

question 17

Multiple Choice

Profit maximization as the goal of the firm is not ideal because ________.

• A) profits are only accounting measures
• B) cash flows are more representative of financial strength
• C) profit maximization does not consider risk
• D) profits today are less desirable than profits earned in future years

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Definitions:

Accenture Survey

A study or research project conducted by Accenture, typically to gather insights on business, technology trends, or consumer behaviors.

Skilled Resources

Workers or employees who have specific skills or expertise valuable to an organization.

Currency Fluctuation

Refers to the changes in value of one currency relative to another, which can impact international trade and investments.

Volatility Of Fuel Prices

describes the degree of variation in fuel prices over time, significantly impacting transport costs, and thus, overall logistics and supply chain expenses.