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    Contemporary Financial Management Study Set 2
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    Exam 1: The Role and Objective of Financial Management
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    Maximization of Shareholder Wealth Is Not an Accounting Concept
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Maximization of Shareholder Wealth Is Not an Accounting Concept

Question 69

Question 69

Multiple Choice

Maximization of shareholder wealth is not an accounting concept. A corporation's value should be based on _____ value.


A) liquidation
B) book
C) market
D) stock

Correct Answer:

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