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Author Question: A fundamental criticism of the traditional theory of the firm is that the decision-makers in the ... (Read 17 times)

s.tung

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on: May 25, 2020

Question 1

Public limited companies may not maximise their profits because
◦ shareholders have little control over managers.
◦ shareholders want higher dividends.
◦ they are afraid of encouraging take-overs.
◦ A and C

Question 2

A fundamental criticism of the traditional theory of the firm is that the decision-makers in the firm may not even aim to maximise profits in the first place.
On which of the following ideas is this criticism based?
◦ Shareholders are not the decision-makers and have different interests from them.
◦ Many shareholders do not want to maximise profits.
◦ Owners of firms are not 'rational'.
◦ Shareholders are really utility maximisers.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by s.tung on May 25, 2020

IAPPLET

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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s.tung

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Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

Liddy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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