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State the Objective of 'Financial Management'. - CBSE (Commerce) Class 12 - Business Studies

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Question

State the objective of ' Financial Management '.

Solution

The basic objective of financial management is to maximise the wealth of shareholders, i.e.
it aims at taking financial decisions which prove beneficial for shareholders. Such financial
decisions are taken wherein the anticipated benefits exceed the cost incurred.

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Solution State the Objective of 'Financial Management'. Concept: Concept of Financial Management.
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