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
Question
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Chapter 1.2, Problem 1FOE
Summary Introduction

To discuss: Whether the objective of maximizing the wealth of shareholder is ethical or unethical.

Introduction:

A business organization wherein the members of the organization sells good or services is termed as a firm.

The major objective of the firm is maximizing the stock value. In order to maximize the stock value, the financial manager implements the necessary actions that result in the maximum gain without taking into the future consequences.

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