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Author Question: A fundamental criticism of the traditional theory of the firm is that the decision-makers in the ... (Read 32 times)

s.tung

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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.


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Marked as best answer by s.tung on May 25, 2020

IAPPLET

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s.tung

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Reply 2 on: May 25, 2020
:D TYSM


xthemafja

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Reply 3 on: Yesterday
Gracias!

 

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