Match List I with List II: List I Objectives of business firm a. Long-Run Survival b. Sales Revenue…
Matching alternative theories of the firm with their respective economists: Long-Run Survival as the primary motive of the firm was propounded by K.W. Rothschild (a-iii);…
Choose your answer
Match List I with List II:
List I Objectives of business firm
a. Long-Run Survival
b. Sales Revenue maximisation
c. Firm’s Growth Rate maximisation
d. Managerial utility Function maximization
List II Economists
i. Marris, Robin
ii. Williamson, D.E.
iii. Rothschild, K.W.
iv. Baumol, W.J.
Answer and explanation
Correct answer C
Matching alternative theories of the firm with their respective economists: Long-Run Survival as the primary motive of the firm was propounded by K.W. Rothschild (a-iii); Sales Revenue Maximization subject to a minimum profit constraint was developed by William J. Baumol (b-iv); Firm's Growth Rate Maximization was formulated by Robin Marris (c-i); and Managerial Utility Function Maximization (expense preference theory) was advanced by Oliver E. Williamson (d-ii).
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UGC NET Commerce