Financial Managers Emphasize the Goal of Maximizing the Market Price

question 66

Multiple Choice

Financial managers emphasize the goal of maximizing the market price of stock because:

• A) they have a fiduciary duty.
• B) they have to safeguard owner's investments.
• C) their money is at risk.
• D) they are socially responsible.

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Definitions:

Long-Distance

a term used to describe an extensive physical distance or a communication method over such distances.

Overtime Rate

The rate of pay for hours worked in excess of the standard working hours.

Forty-Hour Week

A standard workweek duration in many countries, typically comprising five eight-hour days.

Semester Dance

A social or formal dance event typically organized by schools or colleges to occur once or twice during the academic year.