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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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