Owners may have longer time horizons because their goal is to maximize their value over time.

Name: Owners may have longer time horizons because their goal is to maximize their value over time.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Owners of a business usually have a longer time horizon because they aim to increase the value of the business over time, rather than just focusing on short-term gains. This is because the value of the business affects the owner's personal wealth and financial security in the long run.

Owners May Have Longer Time Horizons Because Their Goal Is