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QUESTION 27 Which of the following is NOT a difficulty associated with the market system and the objective of maximising shareholder wealth? O 1. The market may not be well-informed O 2.There may be market imperfections O 3. Shareholders cannot perfectly monitor the actions of management 4. The markets may behave irrationally QUESTION 28 Which of the following is NOT a reason for why the assumed objective for management is that of maximizing share price as opposed to maximizing profit? 1. Profit must be judged relative to the size of the investment 2. Profit must be judged relative to the riskiness of the investment O 3. Profit is a number that can be manipulated by management 4. The investment is multiperiod