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Which of the following statements is NOT true? Profit tends to be long-term in nature, whereas shareholder wealth is short-term in nature. The goal of
Which of the following statements is NOT true?
Profit tends to be long-term in nature, whereas shareholder wealth is short-term in nature. | ||
The goal of management should be to maximise long-term shareholder wealth rather than profits. | ||
Profit is historical in nature, and shareholder wealth tends to be based on the future. | ||
Profits can be manipulated by management, whereas shareholder wealth is a more objective measure. |
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