In order to maximize its shareholders' value,a firm's management must attempt to maximize the stock price on a specific target date.

Question

Quizplus · Accepted Answer

Maximizing shareholder value involves a long-term strategy focused on sustainable growth and profitability, rather than targeting the stock price on a specific date, which can encourage short-term decisions that may not be in the best interest of the company or its shareholders over the long term.

In Order to Maximize Its Shareholders' Value,a Firm's Management Must