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Profit Maximisation and Objectives in Managerial Performance

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Profit Maximisation and Objectives in Managerial Performance

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Questions and Answers

What is one potential problem with adopting profit maximisation as an objective?

Wealth generation

Non-cash based measures

Short-termism risk (correct)

Earnings per share growth

How can managerial performance targets and rewards affect the adoption of profit maximisation as an objective?

Strengthen earnings per share growth

Support non-cash based measures

Promote wealth generation

Encourage manipulation of results (correct)

What distinction needs to be made in terms of outcomes when considering profit maximisation?

Maximising vs. satisficing (correct)

Wealth generation vs. profit

Short-termism vs. long-termism

Profit vs. earnings per share growth

Which measure can permit manipulation of results when profit maximisation is the objective?

<p>Non-cash based measures</p> Signup and view all the answers

Why is it important to remember the difference between profit and wealth generation according to the text?

<p>To understand the distinction between maximising and satisficing</p> Signup and view all the answers

Profit Maximisation and Objectives in Managerial Performance

Choose a study mode

Podcast

Questions and Answers

What is one potential problem with adopting profit maximisation as an objective?

How can managerial performance targets and rewards affect the adoption of profit maximisation as an objective?

What distinction needs to be made in terms of outcomes when considering profit maximisation?

Which measure can permit manipulation of results when profit maximisation is the objective?

Why is it important to remember the difference between profit and wealth generation according to the text?

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