Question 2 (4 points)

Why is firm value maximisation preferred to profit maximization as the ideal goal for the firm?

I. Profit is too concerned with the short term.

II. Profit is an accounting measure and can be manipulated.

III. Profit and value maximisation can never conflict.

IV. Value maximisation always results in profit maximisation

Question 2 options:

	I, II, and III
	I and II
	I, II, III, and IV
	III and IV