MANAGEMENT

Detailed explanation-1: -Ensuring excess availability of funds at the right time is not an objective of financial planning.

Detailed explanation-2: -Ensuring discipline in the organization. is not an objective of financial management.

Detailed explanation-3: -Corporate Social Responsibility is not an element of financial management.

Detailed explanation-4: -Wealth maximization (shareholders’ value maximization) is also a main objective of financial management. Wealth maximization means to earn maximum wealth for the shareholders.

Detailed explanation-5: -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.