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According to the text, maximization of shareholder wealth means that financial managers must focus on which of the following? Select all that are correct. Select

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According to the text, maximization of shareholder wealth means that financial managers must focus on which of the following? Select all that are correct. Select one or more a the riskiness of expected cash flows b. the timing of net profits c. the timeliness of expected cash flows d keeping managers happy and well paid De the magnitude of net profits of the magnitude of expected cash flows Firms can try to control agency costs by which of the following? O a. The threat of firing b. The threat of takeover on OC. Influence of large shareholders Od. Compensation packages e. All of the above of a &c only On the balance sheet, it is possible for a firm to have assets greater than the sum of its liabilities and shareholder equity Select one True False The owners of the firm are the shareholders, who dictate the direction and policies of the corporation, often through the elected board of directors, Select one True False

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