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16 Why is the study of managerial finance important to your professional life regardless of the specific area of responsibility you may have within the

16 Why is the study of managerial finance important to your professional life regardless of the specific area of responsibility you may have within the business firm? Why is it important to your personal life?

REVIEW QUESTIONS

17 What is the goal of the firm and, therefore, of all managers and

employees? Discuss how one measures achievement of this goal.

18 For what three basic reasons is profit maximization inconsistent with

wealth maximization?

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