The primary goal of the financial manager is best described by which of the following?
A) He or she concentrates on short-term growth strategies.
B) He or she develops new goods and services for the company.
C) He or she ensures all employees get paid on a regular schedule.
D) He or she maximizes the value of the company to its owners.

Question

Quizplus · Accepted Answer

The primary goal of a financial manager is to maximize the value of the company to its owners through effective financial management, such as managing cash flow, investments, and financing decisions. Short-term growth strategies (A) may not necessarily lead to long-term success, while developing new goods and services (B) is typically the role of the product development team. Ensuring employees get paid are important, but this is typically the responsibility of the human resources department (C).

The Primary Goal of the Financial Manager Is Best Described