Which one of the following groups is the goal of financial management centered around?
A) Potential new shareholders.
B) Existing shareholders.
C) Current creditors.
D) The CRA.
E) Existing management.

Question

Quizplus · Accepted Answer

The primary goal of financial management is to maximize the wealth of the existing shareholders by increasing the value of the firm's stock and, consequently, shareholder wealth. This is achieved through effective financial planning, investment, and financing decisions.

Which One of the Following Groups Is the Goal of Financial