A large corporation's profit objective may not be profit or wealth maximization, because
A. stockholders have little power in corporate decision making.
B. management is more interested in maximizing its own income.
C. managers are overly concerned with their own survival and may not take all prudent risks.
D. All of the above
Answer:D
A large corporation's profit objective may not be profit or wealth maximization, because
A. stockholders have little power in corporate decision making. B. management is more interested in maximizing its own income. C. managers are overly concerned with their own survival and may not take all prudent risks. D. All of the above