Author Question: Profit maximization does not adequately describe the goal of the firm because: A) profit ... (Read 73 times)

ashley · **on:** Jul 11, 2018

Profit maximization does not adequately describe the goal of the firm because:

A) profit maximization does not require the consideration of risk.
B) profit maximization often has a short-term focus.
C) maximization of dividend payout ratio is a better description of the goal of the firm.
D) Both A and B

Question 2

Which of the following statements about the factors affecting automobile insurance rates is true?

A) The cost of collision coverage increases as a car gets older.
B) Because of high speeds in rural areas, rural drivers tend to pay more for auto insurance than city drivers pay for auto insurance.
C) Young unmarried male drivers tend to have fewer accidents than young married male drivers in the same age category.
D) People who drive a car to and from work tend to be charged higher rates than those who use a car for pleasure purposes.