![]() environmental protection, customer satisfaction etc.) Reference to the wealth objective at all (e. Multiple objectives by Peter Drucker:8 key areas include –Ĭonstraints theory by Simon: pointed out that for some business areas decisions are taken without Maintain or increase its market share, ensure survival and discourage competition. Revenue maximisation byBaumol: business acts to maximise revenue (not necessarily profit) in order to Profit satisfying:Instead of the aim of wealth maximization, manager may choose to achieve simply a Train Employees & management to promote productivity and efficiency Series of secondary objectives to support the primary objectives – Primary objective – financial objective of profit maximisation, to increase shareholder wealth Secondary stakeholders: Directors/managers, employees & trade union, customers, suppliers & theirīusiness partners, lenders, government & its agencies, local community & public at large and the natural Primary stakeholders: Owners (shareholders, Proprietors, Partners) Interest to protect in respect of what the organisation does and how it performs. Stakeholder: is a person or group of persons who has a stake in the organisation. Making organisations are referred to as businesses. Maximize their wealth and that can be regarded as an entity separate from its owners. Not for Profit making organisation – To provide goods and services for its beneficiariesīusiness:An organization (however small) that is oriented towards making profit for its owners so as to Profit making organisation – To maximize wealth of its owners by earning profit Primary objective: of an organisation depends on its type – Technology – computer firms compared to retail shops Source of finance – Government fund, borrowing, issue of shares Legal status – Company or sole-trader/ partnership Size – Small local business compared to multi-national company Activity – diversified options available Control – either by owners or by people working on their behalf Ownership – of private sectors by shareholders, but public sectors by government Save time because people can work together Overcome people’s individual’s limitation Not for profit (charitable/public sector) Profit making organization (Private sector) Organisation:A social arrangement for the controlled performance of collective goals, which has aīoundary separating it from its environment. Auditing and Assurance Services: an Applied Approach (Iris Stuart).Marketing-Management: Märkte, Marktinformationen und Marktbearbeit (Matthias Sander).Big Data, Data Mining, and Machine Learning (Jared Dean).Frysk Wurdboek: Hânwurdboek Fan'E Fryske Taal Mei Dêryn Opnommen List Fan Fryske Plaknammen List Fan Fryske Gemeentenammen.The Importance of Being Earnest (Oscar Wilde).Applied Statistics and Probability for Engineers (Douglas C.Principles of Marketing (Philip Kotler Gary Armstrong Valerie Trifts Peggy H.Handboek Caribisch Staatsrecht (Arie Bernardus Rijn).Managerial Accounting (Ray Garrison Eric Noreen Peter C.Junqueira's Basic Histology (Anthony L.English (Robert Rueda Tina Saldivar Lynne Shapiro Shane Templeton Houghton Mifflin Company Staff).Subhan Group - Research paper based on calculation of faults.Watts and Zimmerman (1990) Positive Accounting Theory A Ten Year Perspective The Accounting Review.Effective academic writing 2 answer keypdf.Mkataba WA Wafanyakazi WA KAZI Maalumu AU Kutwa.462802814 Government accounting final examination with answer and solution docx.Operating System Concepts Chapter 2 Exercise Solution Part 2.Ch04 - Chapter 04 solution for Intermediate Accounting by Donald E.Kotler Chapter 7 MCQ - Multiple choice questions with answers.International-economics-12th-edition-salvatore-test-bank ch2.Lab report 1 ( reaction of forces on a simply supported beam).Quiz October 2018, questions and answers.Power distribution and utilization (EE-312).Introduction to Financial Accounting (Act201).Atatürk İnkilapları ve İnkilap Tarihi II (ATA 102).European Union and international law (HAJB08/14 - Law).community health nursing (D/Nurs/200508).Business Mathematics and Statistics (Sixth Edition).Business information technology (bbit1).Mass communication (mobile phones in aca). ![]()
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