Question: State the objectives of Financial Management?
Answer: a)Profit Maximization- Earning profits by a corporate or a company is a social obligation. Profit is the only means through which an efficiency of organisation can be measured. b) Wealth Maximization- Wealth maximization refers to the gradual growth of the value of the assets of the firm in terms of benefits it can produce. The wealth maximization attained by a company is reflected in the market value of shares. This maximizes the wealth of shareholders.
Question:
State the objectives of Financial Management? Answer:
a)Profit Maximization- Earning profits by a corporate or a company is a social obligation. Profit is the only means through which an efficiency of organisation can be measured. b) Wealth Maximization- Wealth maximization refers to the gradual growth of the value of the assets of the firm in terms of benefits it can produce. The wealth maximization attained by a company is reflected in the market value of shares. This maximizes the wealth of shareholders. Source: CoolInterview.com
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