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Profit maximization is not a well-defined corporate objective because: OA) All of these. B) Profits can be changed by using different accounting rules. C) It

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Profit maximization is not a well-defined corporate objective because: OA) All of these. B) Profits can be changed by using different accounting rules. C) It leaves open the question of which year's profits. OD) Higher profits does not necessarily mean a better rate of return. Within the realm of ethical decision making, managers of the corporation should attempt to maximize: A) Their compensation plans. B) The market value of the shareholders' wealth. C) The firm's market share. D) The profits of the firm. A public corporation's earnings can be A) used to pay out to its shareholders as cash dividends. O B) used to repurchase stocks. C) retained inside the firm to support firm growth. D) used to issue new shares (e.g., IPO). E) A, B, and C are all correct. F) A, C, and D are all correct

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