Which of the following statement is true about financial managers? I. The principal goal of a financial manager is to maximize the wealth of the stockholders II. It is generally not the duty of financial managers to ensure that a firm has the cash it needs for day-to-day transactions III. In general, financial managers make financial decisions in a corporation, rather than the shareholders making these decisions themselves IV. It is generally not the duty of financial managers to make decisions on how projects will be financed O I and III only O I only OI, III, and IV only OI and II only

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question
Which of the following statement is true about financial managers?
1. The principal goal of a financial manager is to maximize the wealth of the
stockholders
II. It is generally not the duty of financial managers to ensure that a firm has
the cash it needs for day-to-day transactions
III. In general, financial managers make financial decisions in a corporation,
rather than the shareholders making these decisions themselves
IV. It is generally not the duty of financial managers to make decisions on how
projects will be financed
O I and III only
O I only
OI, III, and IV only
O I and II only
W
Transcribed Image Text:Which of the following statement is true about financial managers? 1. The principal goal of a financial manager is to maximize the wealth of the stockholders II. It is generally not the duty of financial managers to ensure that a firm has the cash it needs for day-to-day transactions III. In general, financial managers make financial decisions in a corporation, rather than the shareholders making these decisions themselves IV. It is generally not the duty of financial managers to make decisions on how projects will be financed O I and III only O I only OI, III, and IV only O I and II only W
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Financial Planning
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education