Profit maximization is not an adequate goal of - 2627

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Request Description

Profit maximization is not an adequate goal of the firm when making financial decisions because:     
a.     it does not necessarily reflect shareholder wealth maximization. 
b.     it ignores the risk inherent in different projects that will generate the profits. 
c.     it ignores the timing of a project’s returns. 
d.     all of the above are correct. 

Solution Description

Profit maximization is not an adequate goal of the firm when making financial decisions because:     
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