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Discuss light of understanding of wealth maximization

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Reference no: EM132472470

Point 1: You have heard the saying CASH "not profit" is KING". However in this course, you will read that the goal of the firm is to "MAXIMIZE WEALTH".

Question 1: Does having excess amounts of cash means that the firm has maximized wealthy? Discuss the above statements in light of your understanding of wealth maximization.

Reference no: EM132472470

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