Profit maximization

According to the Center for Nonprofits, Nonprofit corporations are set up to help, teach and develop a public or community interest rather than for individual gain or monetary benefit (para. 3). There are six types of nonprofit organizations: public charities, private foundations, civic leagues and social welfare organization, trade and professional association, and social and recreation clubs. Stakeholders in a nonprofit organization consider those people who have an interest in your…

Historically, not-for-profit (NFP) hospitals evolved from either religious groups or philanthropic foundations and provided health care to individuals that could not afford to pay the doctor to come to their home (Cutler, 2000), hence, they provided a service to the community that the community would otherwise be required to provide. These organizations generated little income and as such were granted tax exempt status (Cutler, 2000). Modernization of healthcare has transformed hospitals from…

1-Non-profit organization: “A business entity that is granted tax-exempt status by the Internal Revenue Service. Donations to a nonprofit organization are often tax deductible to the individuals and businesses making the contributions”. 2- Share: “one of the equal parts into which a company's capital is divided, entitling the holder to a proportion of the profits”. 3- Traffic acquisition cost: “A critical cost of revenue for Internet search firms such as Google, Yahoo and Baidu.com. TAC for…

Levine Children’s Hospital is a not-for-profit organization headquartered in Charlotte, NC. Levine Children’s Hospital is a part of Atrium Health formerly known as Carolinas HealthCare System and is located on the main campus of Carolinas Medical Center, the flagship of Atrium Health formerly known as Carolinas HealthCare System. Levine Children’s Hospital (LCH) is the one of the largest children’s hospitals between Atlanta and Washington, DC. The 12-story, 234-bed facility first opened in…

Communication Audit Big Brothers Big Sisters Big Brothers Big Sisters is an organization focused on encouraging and empowering the youth of the community. With locations to seek mentorship in Calgary, Airdrie, Okotoks, and Cochrane, the organization has a strong outreach to maximize their impact. The company’s vision statement being, “that every young person realizes their full potential” (bbbscalgary.ca, 2018), reflects the impact they are trying to achieve. This being emphasized further in…

My family and I started helping Big Brothers and Big Sisters in 2010 and continue to do so to this day. In Gallup, there are two major fundraising events, The annual Bowl for Kid’s sake and the Annual Golf Tournament. My contribution to the to the events are; setting up before, taking down after, cooking, running errands, occasionally fundraising, organizing and helping during the events when they need help. Every month they host activities for the adults and kids that are in the program during…

equal to their marginal benefit, that is, MC=MB. According to the theory, at this point profits are maximized, and maximizing profits is the primary and central objective of all firms. However, the 20th century witnessed the emergence of various criticisms of the theory, most of which centered around three main arguments; that firms are unaware of the basis of…

not create unreasonable costs to society in pursuit of stockholder wealth maximization” (tutor2u, 2009). Wealth maximization is achieved by maximization of the cash flows of the organization (Blackwellpublishing, 2009). Various objections against the profit maximization are: 1) Vague: Since there are multiple meanings of Profit it cannot be ultimate goal. For example profit after tax, retained earnings. 2) Uncertain: "Profit cannot be ascertained well in advance to express the…

reach a maximal value. These maximizing choices are presumed to be made at the margin and with the aim to reach maximal profits or utility (Rittenberg & Tregarthen, 2009). In this paper, I will explain the concept of maximization and evolvement of Economic man in economic theory. I would then provide the point of criticism related to the concept of Economic man. Maximization, as the word could suggest, is choosing the best alternative that will lead to the best possible outcome…

decision makers need to weigh a loss in at least one dimension against a gain in other dimensions”, (Hahn et al 2010:219); thus, considering Coca-colas water related actions, their performance within sustainability practically transformed into profit maximization. As Hahn et al state, achieving several objectives simultaneously is unmanageable and in that regard Coca-cola India could prioritize their…