1. Which of the following statements are true? a. b. c. d. e. d. The goal of a publicly-owned firm should be to maximize expected earnings per The goal of a publicly-owned firm should be to maximize expected total profit. Managers may want the firm to be large and overpay for acquisitions that increase firm size even if it's bad for the shareholders. Managerial compensation and the board of directors act as disciplining mechanisms to align the manager's incentives with that of the firm's owners. b. o. i, iii, and iv ii, iii, and iv i, ii, and iv iii and iv only None of the above options are correct