One of the Problems Associated with Profit Maximisation Is That

question 68

True/False

One of the problems associated with profit maximisation is that it ignores the timing of a project's return.

---

Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Deflation

A sustained decrease in the price level.

Growth

An increase in the economic capacity of a country to produce goods and services, compared from one period of time to another.