a) Although profit maximization has long been considered as the main goal of a firm, shareholder wealth maximization is gaining acceptance amongst most companies as the key goal of a firm. Required 1) Distinguish between the goals of profit maximization and shareholder wealth maximization (5 marks) ii) Explain three limitations of the goal of profit maximization (5 marks) b) What is the socio-economic role of insurance? What factors explain why the industry lags behind in developing economies? (5 marks) c) Differentiate between Annuity contracts and Life Insurance Policies