Why wealth creation is a longer-term concept

Write a short note on why wealth creation is a longer-term concept?

Comments & Conversion

Expert

Verified

At mainly relates not just to this year’s gain however to that of future years also. In short term, corners can be cut and risks taken which enhance present gain at the expense of future gain.

Related Questions in Managerial Accounting

Q : Define Common Cost Common Cost : It is

Common Cost: It is the cost of resources used jointly in the production of two or more outputs and the cost can’t be directly traced to any one of those outcomes.

Q : Define Capital Budgets Capital Budgets

Capital Budgets: The procedure of finding out which potential long-term projects are value undertaking, by comparing their estimated discounted cash flows with their internal rates of return. Capital Budget is the

Q : Main purpose of the business Briefly

Briefly describe the main purpose of the business?

Q : What is Variable Cost Variable Cost : A

Variable Cost: A cost which differs with changes in the level of an activity, whenever the other factors are held constant. The cost of material treating to an activity, for illustration, differs according to the number of material de

Q : Illustrate the general role of

Briefly illustrate the general role of accounting?

Q : Define Estimated Cost Estimated Cost :

Estimated Cost: The procedure of projecting a future outcome in terms of cost, based on information accessible at the time. The estimated costs, instead of actual costs, are at times the basis for credits to work-in-process accounts a