Answer on question #38935, Math, Other 1. “The profit maximization is not an operationally feasible criterion” Do you agree? Illustrate your views. 2. “The function of Financial Management is to review and control decisions to commit or recommit FUNDS to new or ongoing uses. Thus in addition to raising funds, financial Management is directly concerned with production, marketing and other functions within an enterprise whenever decisions are made about the acquisition or destruction of assets”. Elucidate. Explanation: The main principle of the enterprise (company) is to maximize profit. For this reason, the profit is the main indicator of the efficiency of production. Profit performs two major functions: 1) characterizes the final financial results of the company, the amount of his cash savings, 2) is the main source of financing the costs of production and social DEVELOPMENT of the enterprise (income tax - a key element of state budget revenues). With the development of market relations is an expansion of the traditional understanding of the profit is reduced to the difference between revenues and costs. This corresponded to "balance" the definition of profits. With the transition to the market, EXCEPT for the accounting and define "economic" profit. In Cost Accounting profit is part of the income remaining after reimbursement of current expenses and interest on short-term bank loans. Profit for the enterprise is the main source of replenishment of working capital, material incentives, financing social, etc. As the most important category of market relations profit performs the following functions: - Describes the economic impact resulting from the activities of the enterprise; - An essential element of financial resources of the enterprise; - The source of income of the budgets of different levels. In terms of commercial calculation profit enterprise is not only as the main outcome (a key indicator evaluation criteria) financial and economic activity of the enterprise, but also the source of its development, financial innovation and investment projects, other needs, including material and as members of a labor staff and owners, and society as a whole. Therefore central to its distribution system should be a combination of INTERESTS of business ENTITIES, and societypls follow me if it's helpful and mark me as brainlist pls dude pls