Profit maximization does not adequately describe the goal of the firm because: - 2391

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Profit maximization does not adequately describe the goal of the firm because:

a. profit maximization does not require the consideration of risk.

b. profit maximization ignores the timing of a project's return.

c. maximization of dividend payout ratio is a better description of the goal of the firm.

d. a and b.

Solution Description

Profit maximization does not adequately describe the goal of the firm beca