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Questions and Answers
What is the main objective of financial management?
What is the main objective of financial management?
- Minimizing operational costs
- Maximizing shareholders' wealth (correct)
- Maximizing revenue
- Minimizing tax liabilities
According to Joseph and Massie, how do they define financial management?
According to Joseph and Massie, how do they define financial management?
- Operational activity responsible for obtaining and effectively utilizing funds (correct)
- Operational activity responsible for human resource management
- Operational activity responsible for marketing and sales
- Operational activity responsible for production and operations
What does Van Horne emphasize as the concern of financial management?
What does Van Horne emphasize as the concern of financial management?
- Acquisition and utilization of technology for business operations
- Acquisition, financing, and management of assets with an overall goal in mind (correct)
- Acquisition and management of raw materials
- Acquisition and management of human resources
How can financial management be understood in detail according to the text?
How can financial management be understood in detail according to the text?
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What is the focus of financial management under the traditional approach?
What is the focus of financial management under the traditional approach?
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