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What are some of the problems involved in the use of profit maximization as the goal of a firm?
Uncertainity and timing are some of the problems
What is Hayek's policy?
Hayek believed that governments should only get involved in the economy when there was no profit motive involved. Friedrich von Hayek was an Austrian economist.
What are some of the problems involved with the use of profit maximization as the goal of the firm How does the goal of maximization of shareholder wealth deal with those problems?
Problems involved with the use of profit maximization as the goal of the firm due to numbers of reasons. 1 It ignore the timing of return. 2 It ignores the timing of returns. 3 It ignores the risk.
Non-profit Board of directors?
The role of the board of directors is governance. That includes hiring, supporting and evaluating the executive, setting policy, ensuring and securing resources and setting the mission and vision for the agency.
When is a policy paid out?
a policy can be paid out upon death of the life insured, maturity (if the policy has a term and is with profit) or via cash surrender (for a lower value) as long as the policy is with profit and is not a assurance term policy
How do you calculate profit or loss on surrender value of joint life policy?
Add up the amount of money paid into the policy since policy application or inception. Subtract from that amount the "surrender value". If the total is a positive number, that is the amount of your profit. If the total is a negative number, that is the amount of your loss. If you have a profit, the profit is taxable. If you don't surrender the policy and the policy pays a death benefit, the death benefit is typically not taxable.
What are the objectives of price setting?
Pay for product and make a profit
What is policy importance to prevent bank profitable?
policy to prevent bank profitable is the important policy that can prevent profit of bank when the monetary policy change
What is a word for a profit driven person?
monetarily involved
What are the principles of social policy?
People, Planet, Profit, Profession
Can you profit from a home owners insurance claim?
A homeowners policy is meant to protect the homeowner from losses. If it is a replacement cost policy, it is written to replace the home with like kind and quality in the event of a loss. It is to recoup losses, not profit the insured.AnswerIf you could profit, it wouldn't be insurance, it would be gambling.
What is the New America Foundation?
"The New America Foundation is an organization that is not affiliated with any political party, and does not make a profit. It is a foundation that was created in 1999 to try to come up with answers to problems in America such as the economy, education and foreign policy."
