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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.
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Q. What do you mean by Account? Account - Formal record which represents, in words, money or other unit of measurement, certainresources, transactions, claims to such resources
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