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Explain the significant feature of the wealth maximisation
The significant feature of the wealth maximisation criterion is that it considers is that it considers both the quality and quantity dimensions of benefit. At the same instance, it also incorporates the time value of money. Operational implication of the timing dimensions and uncertainty of the benefits emanating from a financial decision is that adjustment must be made in cash flow pattern, firstly, to incorporate risk and secondly, to make an allowance for differences in the timing of benefits. Value of a course of action should be viewed in teams of its worth to those providing the resources essential for its undertaking.
Suppose that Harry and Steven make their living selling contraband at opposite ends of a town that is 1 mile long. Because it's a crowded city, the citizens use taxi-cabs for trans
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The dividend is the part of the net income that the company distributes to shareholders. As the dividend represents real money, the net income is also real money. Is that true?
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