Question

The only feasible purpose of financial management is

Answer 1

the only feasible purpose of financial management is a) wealth maximization b) sales maximization c) profit maximization d) asset ..

Answer 2

The only feasible purpose of financial management is wealth maximization

Explanation:

• Financial management is the method of managing the finances of a company through effective planning, control, organization and keeping a track of all forms of financial spending. It is process of managing the financial assets of the company in the long run.
• The main aim of financial management is to maximize on the profits of the company in the long run. The management needs to effectively handle their spending through an efficient cash flow management of the company with adhering to certain principles.
• The important goal for any financial manager is work at making plans for proper investments and taking strategic decisions on their spending. Their main objective is to maximize the value of stocks and improve on their share prices in the market

To know more about financial management

What is financial management? explain the functional areas of modern financial management.

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