What is the primary goal of financial management?a.Maximizing profitsb.Minimizing costsc.Maximizing shareholder wealthd.Achieving market dominance
Question
Solution 1
The primary goal of financial management is c. Maximizing shareholder wealth.
Here's why:
a. Maximizing profits: While this is an important aspect of financial management, it is not the primary goal. Profit maximization does not take into account risk or the timing of returns, both of which are c Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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