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A commonly cited business goal is profit maximization. Why is this not the most precise goal of...

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Finance

A commonly citedbusiness goal is profit maximization. Why is this not the mostprecise goal of financial management? Referencing a real-lifeexample, why should a corporation not do anything and everything tomaximize owners’ wealth?

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A commonly cited business goal is profit maximization It is not the most precise goal of financial management because there are other stakeholders too which may get affected in an adverse way These parties include creditors government    See Answer
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