All categories

2 years ago

Which of the following is true of profit maximization?

Business

1 answer:

denis23 [38]2 years ago

8 0

Answer:

Profit maximization should be achieved through legal and ethical means.

Explanation:

In simple words, all the decisions whether investment or financing etc. are focused on maximizing the profits to optimum levels. Profit maximization is the traditional approach and the primary objective of financial management. It implies that every decision relating to business is evaluated in the light of profits

You might be interested in

When a sales manager determines that her staff is not making sufficient progress toward meeting monthly sales quotas and develop

Studentka2010 [4]

When a sales manager determines that her staff is not making sufficient progress toward meeting monthly sales quotas and develops a plan of corrective action, which shows that <span>she is performing the management function of <span>CONTROLLING.
Because, </span></span> her important duty as a controller is to set a goal and performance standards.

7 0

2 years ago

When a service call is longer than expected, and another appointment time is fast approaching the agency's employees are likely

SVETLANKA909090 [29]

When a service call is longer than expected, and another appointment time is fast approaching the agency's employees are likely to engage in a counterproductive behaviors tradeoff.

One element we know from years of management studies is that service call who are perceived as exceptional by their supervisors are much less possibly to experience defensive and mentoring relationships with their supervisors.

Critical Incident approach. With the vital incident method of performance appraisal, supervisors file incidents, or examples, of every subordinate's behavior that caused either uncommon achievement or uncommon failure on some aspect of the activity.

Essential Incident strategies in this method, service calls are appraised on the premise of their capability to carry out their jobs in critical scenarios. Communication is prime we already knew that. however, try letting your employees provoke the verbal exchange. human beings want to be heard, and giving them a hazard to voice their critiques will assist alleviate the disappointment they feel over the situation.

Learn more about service calls here:-brainly.com/question/26028674

#SPJ4

5 0

1 year ago

Historical data shows that during the recession of 1990–1991, the natural rate of unemployment was about 5.9% while the actual u

zmey [24]

Answer:

a. The actual unemployment rate was higher during the recession of 1990-1991, but cyclical unemployment was higher in 2001.

Explanation:

Unemployment is defined as the number of people in a population that are willing to work and seeking for jobs but do not have employment.

Natural unemployment is defined as the normal process of leaving jobs and getting jobs in a situation when there is full employment.

Cyclical unemployment is created by recessions and booms.

Actual unemployment = Natural rate + Cyclical rate

Cyclical unemployment= Actual rate - Natural rate

In the first economy

Cyclical rate = 7 - 5.9= 1.1%

In the second economy

Cyclical rate= 6 - 4.8= 1.2%

So actual unemployment was 7% in 1990-1991 while in 2001 it was 6%

Cyclical unemployment was 1.1% in 1990-1991, while cyclical unemployment was 1.2%

6 0

3 years ago

Read 2 more answers

How are resources allocated in a traditional economy?

mote1985 [20]

Traditional morals the system of production of material wealth

4 0

2 years ago

Read 2 more answers

Lotoya Davis Corporation has 10 million shares o common stock issued and outstanding. On June 1, the board of directors voted an

Viktor [21]

Answer:

June 1st:

Retained Earnings (Dr.) $8,000,000

Dividends Payable (Cr.) $8,000,000

June 30th

Dividends Payable (Dr.) $8,000,000

Cash (Cr.) $8,000,000

These entries will remain same even in the case of liquidating dividend.

Explanation:

On June 1st the dividend is declared so the journal entry will be

Retained Earnings (Dr.) $8,000,000

Dividends Payable (Cr.) $8,000,000

There will be no journal entry on June 14th.

On June 30th the dividend is paid:

Dividends Payable (Dr.) $8,000,000

Cash (Cr.) $8,000,000

The entry would not have differed if it was a liquidating dividend.

5 0

3 years ago