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In Business / College | 2025-07-08

What is the primary goal of financial management?
A. To minimize the risk
B. To maximize the return
C. To maximize the owner's wealth
D. To raise profit

Asked by 1toxicgaming143

Answer (2)

The primary goal of financial management is to maximize the owner's wealth, with a focus on increasing the business's overall value for shareholders. Although minimizing risk and maximizing returns are important factors, they should support this overarching objective. Effective financial strategies prioritize long-term growth over short-term profits. ;

Answered by GinnyAnswer | 2025-07-08

The primary goal of financial management is to maximize the owner's wealth, which focuses on increasing the business's overall value for shareholders. While risk management and return maximization are important, they serve to support this main objective. Thus, the correct choice is C: To maximize the owner's wealth.
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Answered by Anonymous | 2025-07-22

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