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Wealth Maximisation Decision Criterion
This is also called as value maximisation or net present worth maximisation. Presently academic literature value maximisation is almost universally accepted as an appropriate operations decision criterion for financial management decisions as it removes technical limitations that characterise earlier profit maximisation criterion. Its operational features satisfy all three requirement of a suitable operation objective of financial courses of action, namely, quality of benefits, exactness and time value of money.
Why does money have time value? Positive interest rates point out that money has time value. While one person lets another borrow money, the first person needs compensation in e
WHAT ARE THE MAIN VIEWS OF WACC PREVALENT IN THE FINANCIAL MANAGEMENT LITERATURE
What is the explanation for leaset cost selection
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