What is Wealth Maximization? Definition, Meaning, Example, Features & Limitations

Wealth maximization is also known as Value Maximization or net Present Worth Maximization. Wealth maximization has all the features of certainty, quality benefits, and timing benefits. The goal of wealth maximization is the widely accepted goal of the business as it reconciles the varied, often conflicting interest of the stakeholders. Also, it is free from the limitations that other objectives are faced with.

What is Wealth Maximization Meaning, Example, Features & Limitations

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What is Liquid in Glass Thermometer? Working, Diagram, Construction & Advantages

Liquid in Glass Thermometer

Figure 1: Liquid in Glass Thermometer.

Construction & Working of Liquid in Glass Thermometer

Liquid in Glass Thermometer consists of glass envelope filled in with liquid and calibrated indicating scale marked on it. The envelope comprises a thick walled glass tube with a capillary bore and a spherical or cylindrical bulb filled with liquid.

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What is Ionization Gauge? Working Principle, Diagram, Construction & Applications

Ionization Gauge

Figure 1: Hot-Cathode Ionization Gauge.

Working Principle of Ionization Gauge

The basic principle of an ionization gauge is the electrons emitted from a cathode strikes a gas molecule and knocks out an electron from it. Thus the gas molecule remains as a positively charged ion and carries a current called ion current. This current become a measure of the applied pressure when calibrated.

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What is Thermocouple Vacuum Gauge (or Thermocouple Conductivity Gauge)? Working Principle, Diagram, Construction & Applications

Working Principle of Thermocouple Vacuum Gauge

The operating principle of thermocouple Vacuum Gauge is that the conducting ability of gas in vacuum or low pressure depends on the pressure i.e., it is a function of pressure. The measurement of vacuum using  thermocouple gauge is shown in figure 1.

What is Thermocouple Vacuum Gauge

Figure 1: Thermocouple Vacuum Gauge.

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What is Resistance Temperature Detector (RTD)? Construction, Diagram & Operation

The resistance of conductors changes with change in temperature. This behavior is used for temperature measurement in RTDs. RTDs show Positive Temperature Coefficient (PTC) of resistance as their resistance increases with the increase in temperature. Metals like platinum, nickel and copper are commonly used as RTDs in industry.

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