In Finance the Primary Goal of Management Is To

question 86

Multiple Choice

In finance the primary goal of management is to:

• A) utilize its economic resources in the most advantageous way.
• B) minimize all possible expenses.
• C) maximize shareholder wealth which is generally achieved by maximizing stock price.
• D) make the best use of its assets.

Understand the objectives organizations and employees have regarding benefits and services.

Discover techniques to ease the administrative burden of managing benefit packages.

Understand the basic principles of compensation and its impact on employee needs and security.

Comprehend the concept and importance of internal and external equity in compensation management.

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Definitions:

Probability

Determining an event's likelihood of happening with a numerical indicator between 0 and 1.

Fair Die

A die that has an equal chance of landing on any of its faces.

Probability

A gauge of the probability that an event will occur, expressed numerically between 0 and 1.

Manufacturing Process

The series of operations or stages involved in the production of goods, often involving the assembly or transformation of raw materials.