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The principle objective of any organization is to maximize the profits and increase the wealth as much as possible.
Profit maximization:
As a basic principle Ryan Reaves Womens Jersey , any business organization or firm aims at earning the profits and according to the principle, all the functions of the business will have the profit as the main objective and no organization lags behind in this direction. Nowadays, the profit maximization concept gets slowly changing and the profit alone cannot be the sole and only goal or objective of the finance function on account of the following problems connected with this objective:
a) The term – Profit is an ambiguous concept which is not having precies connotation. E.g. profits can be long term or short term and the profits can be before tax or after tax and so on. In case the profit maximization is accepted as the goal of finance function, the next question that arises is – “Which types of profits should be maximized?”
b) The profits always go hand in hand with several risks. The more profitable ventures necessarily involve more amount of risk. The owners of the business are normally not interested in earning more and more profits by accepting more risks. In case the profit maximization is accepted as the goal of finance function, it totally ignores the risk factor.
c) Profit maximization as the goal of financial function ignores the time pattern of returns and the objective of profit maximization does not differentiate between the returns received earlier and the returns received later.
d) Profit maximization as the objective does not take into consideration the social considerations as well as the obligations to various interests of the workers Robert Bortuzzo Womens Jersey , consumers, society etc. and the ethical trade practices.
Under the circumstances as mentioned above, profit maximization cannot be the prime objective of the finance function.
Wealth maximization:
Due to the limitations attached with the profit maximisation as an objective of the finance function, it is no more accepted as the basic objective. Nowadays, the objective of the business should be to maximize its wealth and value of the shares of the company and this object can also be stated as maximization of value.
The value of an asset is not judged in terms of its cost but in terms of the benefit it produces.
The goal of wealth maximization is supposed to be superior to the goal of profit maximization due to the following reasons:
a) It uses the concept of future expected cash flows rather than expected returns in the form of profits.
b) It considers time value of money and it recognizes that the cash flows generated earlier are more valuable than those generated later. On account of the facts as mentioned above Robby Fabbri Womens Jersey , while computing the value of total benefits, the cash flows are discounted at a certain discounting rate and at the same time, it recognizes the concept of risk also by making necessary adjustments in discounting rate.
On account of the facts as mentioned above, the wealth maximization is found to be superior to profit maximization as an objective or goal of finance function. However, it should be noted that wealth maximization goal is only an extension of profit maximization goal.
PARIS Pierre Turgeon Womens Jersey , Jan. 21 (Xinhua) -- As France is still grappling with the pains that came with the horrendous attacks earlier this month, Muslims living in the country find themselves increasingly misunderstood amid an outpouring sentiment for free speech.
The bloody rampage, started with a storm-in attack on satirical magazine Charlie Hebdo, resulted in 17 deaths in one of France's worst tragedies in decades.
The popular thought that Charlie Hebdo was attacked because of what it said (ie, its controversial depiction of the Prophet Muhammad) has prompted an uproar in defense of the freedom of expression Pavol Demitra Womens Jersey , thus came the catchcry "We are Charlie."
"I'm not Charlie. But I'm against violence and killing," said a 41-year-old Muslim worker in a private company, who asked not to mention his name at a time when the Muslim community in France feels more difficult to integrate into the mainstream society.
"Islam calls for tolerance and peace. It showed us how to be a good citizen and how to respect the others even if they don't share the same opinion, or the same religion," he said.
"We are free to do what we want Paul Stastny Womens Jersey , at where we want, and at when we want. But, don't forget that this freedom is limited to respecting the freedom of the others. So I call on cartoonists, artists, or politicians not to sneer at the faiths and thoughts of minorities in the name of freedom of expression and democracy Patrik Berglund Womens Jersey ," he added.
According to a recent poll by the French Institute of Public Opinion, people in the country appear to be divided on limits of free speech in the aftermath of the Paris attacks.
Half of the 1,003 respondents are in favor of "limiting freedom of expression on the Internet and social media", against 49 percent who are not in favor and 1 percent undecided, the results of the poll published on the Sunday edition of newspaper Le Figaro showed.
The poll also finds that a slight majority believes that the publication of cartoons of the Prophet Muhammad "should continue" despite that they may make anger or hurt the feelings of some Muslims.
About 42 percent respondents think it is necessary to avoid such publications.
One week after the fatal attack Martin Brodeur Womens Jersey , Charlie Hebdo released its new cover showing the cartoon figure of the Prophet Muhammad weeping and holding a sign "I am Charlie", under the headline "All is forgiven". A total of 7 million copies are expected to be sold out worldwide.
In days following the Paris attacks, several newspapers outside France, in a show of support to Charlie Hebdo, also re-published the controversial cartoon . wholesale air max 90 discount air max wholesale Cheap Air Max Jordan 12 For Sale Nike Air Max 1 Sale Wholesale Jerseys Cheap Jerseys From China Cheap Jerseys Cheap NBA Jerseys Wholesale Jerseys China |
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