Question: 1.Whats wrong (if anything) with saying the basic financial goal of a business is to maximize profits? 2. Explain and provide an example of how

1.Whats wrong (if anything) with saying the basic financial goal of a business is to maximize profits?

2. Explain and provide an example of how a company can generate lots of profits, but still go out of business because they dont have any cash.

3. In a typical corporation the finance function is divided into two divisions, or departments. What are they? What does each department do?

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