Ant Inc.'s board of directors has stated that "The firm's goal is to maximize shareholder wealth over time." This statement most likely represents the firm's The market has a tendency to value focused firms more highly than diversified ones, particularly when firms have diversified their operations into areas about which management knows little in the pursuit of sales growth. Having a clearly defined and reasonable can help a firm avoid expanding into areas that could get the firm into trouble in the long run. Ant Inc. has told its operating managers that it wants to attain a 40% market share, a 15% ROE, and an 8% earnings growth rate. This would be an example of a Which of the following statements about the financial that apply. Firms should use a performance-based management compensation system that is based on a manager's ability to achieve short-run success. New computer software has made it easier for top-level managers to monitor the workings of the financial plan, and that has reduced the need for analysts and "middle managers" who previously developed, maintained, and explained the financial plan. Once the forecasted financial statements are completed, the firm must determine how much capital it will need to support these plans