Part I: Multiple Choice Questions (choose the BEST multiple-choice answer for each question). 1. The primary goal of the management of a publicly traded corporation should be to a. create jobs. b. promote social good. c. maximize profits. d. minimize risk. e. maximize shareholder wealth. 2. A financial statement that shows the inflows and outflows of cash during a particular period of time is known as: a. statement of eash flows b. income statement c. statement of retained earnings d. balance sheet c. none of the above 3. The is a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time. a. statement of cash flows b. income statement c. statement of retained earnings d. balance sheet e. none of the above 4. The presents the financial results of a business for a stated period of time: specifically, it quantifies the amount of revenue generated and expenses incurred by an organization during a reporting period, as well as any resulting net profit or loss. a. balance sheet b. statement of retained earnings c. income statement d. statement of cash flows c. none of the above