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.
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.
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