A large corporation's profit objective may not be profit or wealth maximization, because stockholders have little power in corporate decision making. management is more interested in maximizing its own income. managers are overly concerned with their own survival and may not take all prudent risks. All of these

A large corporation's profit objective may not be profit or wealth maximization, because stockholders have little power in corporate decision making. management is more interested in maximizing its own income. managers are overly concerned with their own survival and may not take all prudent risks. All of these

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter8: Business Organizations

Section8.2: Sole Proprietorships And Parternships

Problem 2R

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