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    Foundations of Financial Management Study Set 2
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    Exam 1: The Goals and Activities of Financial Management
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    Because Socially Desirable Goals Can Impede Profitability in Many Instances
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Because Socially Desirable Goals Can Impede Profitability in Many Instances

Question 28

Question 28

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Because socially desirable goals can impede profitability in many instances, managers should not try to operate under the assumption of wealth maximization.

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