Q62
The objective of financial management is to ______________.
A.
generate the maximum net profit
B.
generate the maximum retained earnings
C.
generate the maximum wealth for its shareholders
AnswerD.
generate maximum funds for the firm at the least cost.
Answer: Option C
Solution
Answer: Option C
Solution:
The objective of financial management is to generate the maximum wealth for its shareholders. Financial Management is the application of general principles of management to the financial possessions of an enterprise. Proper management of an organization's finance provides quality fuel and regular service to ensure efficient functioning.