1. Critically discuss the differing views on profit maximization, revenue maximization and wealth maximization in relation to the financial management of a company. You should compare and contrast the views and justify the view that should be pursued.

[32 marks]

2. Further, critically discuss the view that in running a company there is a conflict between shareholder and stakeholder value. As a result of your discussion justify what approach should be advocated to ensure that a business is sustainable in the long run.

[18 marks]

[Total 50 Marks]