Why is profit maximization by itself an inappropriate goal


1.What advantages does a sole proprietorship offer? What is a major drawback of this type of organization?

2.What form of partnership allows some investors to limit their liability? Briefly explain.

3.Why is profit maximization, by itself, an inappropriate goal in business? What is meant by the goal of maximization of shareholder wealth?

4.In terms of the life of the securities offered, what is the difference between money and capital markets?

 

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Finance Basics: Why is profit maximization by itself an inappropriate goal
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