1. Overview of financial planning Green Moose Industries's board of directors has stated that "The firm's goal is to maximize shareholder wealth over time." This statement most likely represents the firm's The market has a tendency to value focused firms more highly than diversified ones, particularly when firms have diversified their operations into areas about which management knows little in the pursuit of sales growth. Having a clearly defined and reasonable can help a firm avoid expanding into areas that could get the firm into trouble in the long run. Green Moose Industries has told its operating managers that it wants to attain a 40% market share, a 15% ROE, and an 8% earnings growth rate. This would be an example of a mission statement Which of the following stateme ess are true? Check all that apply. statement of corporate objectives Management must m a financial plan to detect deviations from the plan and adjust accordingly. corporate scope The firm will need to be able to generate internally. If that is not enough capital to support the financial plan, the firm will need to raise external funds to support the financial plan or the plan will have to be revised to focus on the highest value opportunities. Firms should use a performance-based management compensation system that is based on a manager's ability to achieve short-run