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Question
The only feasible purpose of financial management is?
The only feasible purpose of financial management is?
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Solution
Answer:
Financial management is all about the planning, coordination, direction and regulation of the company’s economic operations, such as the acquisition and use of resources. It is, in other terms, the application of general management principles to the company’s financial capital.
Objectives of financial management
- Financial management’s main objective is to maximize the company’s profitability.
- Management has to control its spending efficiently by adhering to such standards via the company’s successful cash flow management.
- For any financial planner, the important aim is to focus on making proper investment plans and having strategic decisions on their expenditure.
- Their primary goal is to increase the value of the stock and raise their market stock prices.
Answer:
Financial management is all about the planning, coordination, direction and regulation of the company’s economic operations, such as the acquisition and use of resources. It is, in other terms, the application of general management principles to the company’s financial capital.
Objectives of financial management
- Financial management’s main objective is to maximize the company’s profitability.
- Management has to control its spending efficiently by adhering to such standards via the company’s successful cash flow management.
- For any financial planner, the important aim is to focus on making proper investment plans and having strategic decisions on their expenditure.
- Their primary goal is to increase the value of the stock and raise their market stock prices.
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