Profit maximization is not an adequate goal of the firm when making financial - 1404

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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.

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