Maximizing shareholder wealth is considered to be a superior goal to either maximizing a firm$$s net profits or satisfying the interests of a firm$$s stakeholders. Which of the following reasons are used to justify this opinion? Check all that apply.

It provides for the use of an impersonal and objective device, a share$$s market price, to measure whether the goal has been met.

It explicitly considers the timing and the risk of the dividends and potential capital gains expected to be received by the firm$$s shareholders.

No mechanism currently exists to best allocate the firm$$s cash flows and benefits across the competing demands of the firm$$s stakeholders.

It ignores the effect of timing changes and the riskiness of the firm$$s expected future cash flows on the value of the firm$$s common stock.