The Goal of a Financial Manager Should Be:-

question 42

Multiple Choice

The goal of a financial manager should be:-

• A)to maximise next year's profit
• B)to minimise next year's cost
• C)to maximise the value of the existing owners' equity
• D)to take no risks with shareholders' investments
• E)None of these are appropriate goals

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Definitions:

Income-Splitting

A tax strategy used by families or partnerships to divide income amongst members to lower the overall tax liability by utilizing lower tax brackets.

Back Pay

Compensation owed to an employee for a past period, typically due to underpayment or wage disputes.

Tax Purposes

Motivations or reasons related to the calculation, payment, or avoidance of taxes.

Illegal Contracts

Agreements that are not enforceable by law due to their involvement in illegal activities or because they contravene public policy.