Stockholder Wealth Maximization, as the Primary Objective of the Firm

Multiple Choice

Stockholder wealth maximization, as the primary objective of the firm,

A) Ignores the impact of corporate decisions on groups such as employees, consumers, and society in general because decisions that increase profits almost always reduce the benefits going to these other groups.
B) Is considered to be appropriate in the U.S., U.K., and Japan, but not in other European countries.
C) Ensures that shareholders get nothing unless all other direct stakeholders receive their full and fair contracted compensation.
D) All of the statements above are correct.
E) Only statements a and b are correct.