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    Fundamentals of Financial Management Study Set 1
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    Exam 1: An Overview of Financial Management
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    If a Firm's Board of Directors Wants to Maximize Value
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If a Firm's Board of Directors Wants to Maximize Value

Question 42

Question 42

True/False

If a firm's board of directors wants to maximize value for its stockholders in general (as opposed to some specific stockholders),it should design an executive compensation system whose focus is on the firm's long-term value.

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