BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Maximization of wealth of shareholders
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Maximization of profits
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Mobilization of funds at an acceptable cost
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Ensuring discipline in the organization
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Detailed explanation-1: -Ensuring excess availability of funds at the right time is not an objective of financial planning.
Detailed explanation-2: -Non-Financial Objective Examples To expand sales to existing customers (current customers) To increase customer loyalty to the weaker brands (current customers) To develop new products for current and potential customers (current and potential customers)
Detailed explanation-3: -Solution(By Examveda Team) Ensuring discipline in the organization. is not an objective of financial management.
Detailed explanation-4: -Objectives of financial management include efficient financial planning, effectively organizing, directing, and managing financial activities so that wastage of financial resources is minimized and the profit of the business is maximized.
Detailed explanation-5: -Corporate Social Responsibility is not an element of financial management.