From the perspective of finance, profit maximization is not the best term to use in describing the goal of the firm because ______. Select all that apply.
the goal of the firm should be stated as maximization of sales
profit maximization does not take into account the timing of cash flows received by the firm
profit maximization does not take into account the riskiness of the investment
the goal of the firm should be stated as maximization of dividend payout ratio; this is more accurate than maximization of shareholder wealth
None of these answers apply. Profit maximization is actually the best term to use in describing the goal of the firm.