Assertion (A) : Shareholders Wealth Maximisation (SWM) and not the profit maximisation is an appropriate and operationally feasible financial
Reasoning (R) : There exists a principal-agent relationship between the shareholders and the management of the company.
(A) and (R) both are correct.
(A) is correct but (R) is incorrect.
(A) is incorrect but (R) is correct.
(A) and (R) both are incorrect.