Wealth Maximization as the Goal of the Firm Implies Enhancing

question 33

Multiple Choice

Wealth maximization as the goal of the firm implies enhancing the wealth of

• A) the Board of Directors.
• B) the firm's employees.
• C) the federal government.
• D) the firm's stockholders.

---

Definitions:

Pierre-Joseph Proudhon

A French socialist philosopher and politician, best known for his declaration that "property is theft" in the context of his critique of the social injustices of his time.

External Benefits

Benefits of a product or service that are enjoyed by people who are not directly involved in the purchase or production of it.

Federal Government

The national government of a federal country, which holds the central political authority.

Abolition

The action of abolishing a system, practice, or institution, such as slavery or capital punishment.