Question

What is the primary goal of financial management? A) To minimize the risk B) To maximize the return C) To maximize the owner’s wealth D) To raise profit

Answer 1

Answer:

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Explanation:

The primary goal of the financial management is to maximize the wealth of owners. All businesses aim to maximize their profits, minimize their expenses and maximize their market share.

Answer 2

The correct answer is OPTION C: To maximize the owner’s wealth

• Financial management is the planning, arranging, directing, and managing of a company's financial activities, such as procurement and money use.
• It entails applying general management ideas to a company's financial resources.
• Financial management's purpose is to maximise shareholder wealth.
• This is the stock price for public corporations and the market value of the owners' equity for private enterprises.