Robert Bob was the Chief Executive Officer (CEO) of DL Incorporation which tends to be a huge company in Florida, Bob takes the management activities of the company: however, the company's shareholders own the majority of DL Incorporation's stocks. The main reason to purchase the shares of DL Incorporation by the shareholders is that they were in need of an investment that helps them at the time of their retirement, to manage their children's education, have their most planned trips, and so on. The shareholders have selected the board of directors and then have elected Bob to take over the position of CEO for DL Incorporation. Bob and the managers of the company worked on behalf of the company's shareholders. From the provided scenario and based on financial management guess goals the reason for hiring Bob and the other members?1. They were hired because of their talent2. They were hired for maximizing the wealth of the shareholders3. They were hired because they hold a good position in the society4. They were hired for maximizing the profit of the company

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Answer They were hired for maximizing the wealth of the shareholders Explana... View the full answer