Conflict, so inevitable in operations of businesses, may emanate from decisions taken to run the course of business. This conflict is, almost and always, associated with issues concerning termism. For instance, profit maximisation, however measured, is usually seen as a short-term objective whereas wealth maximisation is a long-term objective. There can be a conflict between short-term and long-term performance. Thus, it is quite possible, for example, to maximise short-term profits at the expense of long-term profits. Required: i. Briefly, discuss three (3) ways managers of a business may increase short-term profits at the expense of long-term profits. (4 marks) ii. Explain three (3) instances where conflicts might occur between management and shareholders. ( 4 marks) iii. Explain the term Maximization of Shareholders Wealth .