Final answer:
The profit maximization goal in business ignores the timing of returns, does not directly consider cash flows, and ignores risk.
Step-by-step explanation:
The statement given in the question is true. The profit maximization goal in business does indeed ignore the timing of returns, does not directly consider cash flows, and ignores risk. While profit maximization is an important goal for businesses, it is not the only consideration when making business decisions.
Profit maximization focuses on generating the highest possible profit, without taking into account when those profits are earned. It does not consider the time value of money or the importance of cash flows. Additionally, profit maximization does not directly consider the risks associated with different business decisions, such as market uncertainties, competition, and other external factors.
In practice, businesses often consider other factors such as cash flow management, risk assessment, and long-term sustainability when making decisions, rather than solely focusing on profit maximization.