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Read the table below for 3 firms: a bubble tea store, a bike store, a...

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Accounting

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image Read the table below for 3 firms: a bubble tea store, a bike store, a consulting firm. (a) Distinguish each company and discuss the reason for your identification. (12 marks) (b) Judge whether the following statement is true and explain your answer: "If the managers focus on the current stock value, they will tend to overemphasize short-term profits at the expense of long-term profits." (6 marks)

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