CORPORATE FINANCE- ACCESS >C<
CORPORATE FINANCE- ACCESS >C<
12th Edition
ISBN: 9781307447248
Author: Ross
Publisher: MCG/CREATE
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Chapter 1, Problem 3CQ
Summary Introduction

To evaluate the statement:

The managers must not concentrate on the present stock value because doing so will lead to an over emphasis on short-term profits at the expenses of long-term profits.

Introduction:

Any profits that arise during a course of time, that is, less than twelve months, are considered short-term profits or gains. Any profits that arise during a course, that is, more than 12 months, are considered long-term profits or gains.

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