The focal point of financial management in a firm is a. The number and types of products or services provided by the firm b. The minimization of the amount of taxes paid by the firm c. The creation of value for shareholders d. The dollars profits earned by the firm

The focal point of financial management in a firm is a. The number and types of products or services provided by the firm b. The minimization of the amount of taxes paid by the firm c. The creation of value for shareholders d. The dollars profits earned by the firm

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter1: The Role And Objective Of Financial Management

Section: Chapter Questions

Problem 8QTD

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Question

The focal point of financial management in a firm is

The number and types of products or services provided by the firm

The minimization of the amount of taxes paid by the firm

The creation of value for shareholders

The dollars profits earned by the firm

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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