Question
Maximizing profit as the manager's goal has several flaws, including: Earnings figures focus on past performance rather than current or future performance The timing of
Maximizing profit as the manager's goal has several flaws, including:
Earnings figures focus on past performance rather than current or future performance
The timing of the profits may be ignored
Focusing on earnings does not mean that the firm will necessarily have enough cash on hand to pay its bills
Risk is ignored
All of the above
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
