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Profit Maximisation Decision Criterion
According to this approach, actions which increase profits must be undertaken and those that decrease profits are to be avoided. In specific operational terms, as appropriate to financial management, profit maximisation criterion implies that financing, investment and dividend policy decisions of a firm must be oriented to maximisation of profits.
Briefly describe the major differences between a sole proprietorship and a corporation. Under which form would you choose for a business, and why? Describe the meaning of financi
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Investment intermediaries An investment intermediary includes finance companies, mutual funds, investment banks and securities firms.
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