Profit maximization does not adequately describe the goal of the firm because: - 4107

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Request Description

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 go