Profit maximization is not an adequate goal of the firmwhen making financial dec

Profit maximization is not an adequate goal of the firmwhen making financial decisionsbecause:a.it does not necessarilyreflect shareholder wealthmaximization.b.it ignores the risk inherentin different projects that will generate theprofits.c.it ignores the timing of aprojects returns.d.all of the above arecorrect.