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Role and objective of financial management

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Reference no: EM13530610

Role and Objective of Financial Management:
[A] Provide 3 reasons for why profit maximization is not an appropriate objective of the firm
[B] If a firm chooses to pursue the objective of shareholder wealth maximisation, does this preclude the use of profit maximisation decision-making rules? Explain.
[C] Briefly explain what is meant by agency relationships and agency costs?

Reference no: EM13530610

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