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
D. generate maximum funds for the firm at the least cost.
Answer: Option C
Solution (By Examveda Team)
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.This Question Belongs to Commerce >> Financial Management
Join The Discussion