Which of the following statements best represents what finance is about?
A)How political,social,and economic forces affect corporations
B)Maximizing profits
C)Creation and maintenance of economic wealth
D)Reducing risk

Question

Quizplus · Accepted Answer

Finance is about creating and maintaining economic wealth, which involves making financial decisions to allocate resources in a way that maximizes value and generates returns. While reducing risk is an important part of financial decision-making, it is not the sole focus or purpose of finance. Maximizing profits is a goal of business, but finance encompasses more than just maximizing profits and involves making decisions that benefit the broader financial health of a company. The impact of political, social, and economic forces on corporations is important to consider in finance, but it is not the core focus of the field.

Which of the Following Statements Best Represents What Finance Is