Which of the following best describes the ultimate goal of the financial manager in a corporation where shares are publicly traded? Avoid financial distress. Maintain steady earnings growth. Maximize stockholder wealth. Maximize sales.

Which of the following best describes the ultimate goal of the financial manager in a corporation where shares are publicly traded? Avoid financial distress. Maintain steady earnings growth. Maximize stockholder wealth. Maximize sales.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter1: The Role And Objective Of Financial Management

Section: Chapter Questions

Problem 17QTD

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Question

Which of the following best describes the ultimate goal of the financial manager in a corporation where shares are publicly traded?

Avoid financial distress.

Maintain steady earnings growth.

Maximize stockholder wealth.

Maximize sales.

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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