Principles of Managerial Finance, Student Value Edition Plus NEW MyLab Finance with Pearson eText -- Access Card Package (14th Edition)
Principles of Managerial Finance, Student Value Edition Plus NEW MyLab Finance with Pearson eText -- Access Card Package (14th Edition)
14th Edition
ISBN: 9780133740912
Author: Lawrence J. Gitman, Chad J. Zutter
Publisher: PEARSON
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Chapter 1.2, Problem 1.8RQ
Summary Introduction

To discuss: The three reasons where profit maximization is inconsistent with wealth maximization.

Introduction:

Maximization the profit must be the main aim of a firm. In order to maximize the profit, the financial manager implements the necessary actions that result in the maximum gain without taking into the future consequences.

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