The authors note that the goal of maximizing the market value of the f

The authors note that the goal of maximizing the market value of the firm may be more appropriate than maximizing short-run profits because:

A) the market value of the firm is based on long-run profits.
B) managers will not focus on increasing short-run profits at the expense of long-run profits.
C) this would more closely align the interests of owners and managers.
D) all of the above

ANSWER

D