Answered: What is the primary objective of the…

What is the primary objective of the financial manager? How are they different from other managers? Justify your answer.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter25: Bankruptcy, Reorganization, And Liquidation

Section: Chapter Questions

Problem 2MC

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What is the primary objective of the financial manager? How are they different from other managers? Justify your answer.

Approach to decide on the efficient procurement and investment of funds for the day-to-day operations of a business. Financial management aims at profit maximization, and it includes financing and capital budgeting.

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