Q1. Describe the objectives of the firms of modern business?
Q2. Define the term Profit.
Q3. Differentiate between the insurable and non-insurable risks.
Q4. Trace the relationship among the innovation and profit.
Q5. Describe the sources of profit.
Q6. Differentiate between the product innovations and market innovations.
Q7. Outline the Baumol’s model of sales maximization.
Q8. Describe the multiple objectives of the business firm?
Q9. Critically analyze the modern theory of profit.
Q10. Describe why profit maximization is not the single aim of a business firm?