A. The company exists in order to provide a return to its owners. Therefore, management of the company should operate in such a way so as to maximize the wealth that is generated for the shareholders. Stable growth does not automatically do that.

B. The company exists in order to provide a return to its owners. Therefore, management of the company should operate in such a way so as to maximize the wealth that is generated for the shareholders. The maximization of revenue does not automatically do that.

C. Ideally all decisions are made with the best interests of the owners of the company in mind. This is done by making decisions that maximize shareholder wealth.

D. The company exists in order to provide a return to its owners. Therefore, management of the company should operate in such a way so as to maximize the wealth that is generated for the shareholders. Minimizing fixed and variable costs may not automatically do that.