What is the primary goal of a financial manager? When you see firms like Enron imploding from the behavior of executive management, how can you justify your definition?
What will be an ideal response?
Answer: The primary goal of a financial manager is to maximize shareholders' wealth. In some ways, Enron is the exception that proves the rule. When management strays from its primary objective of maximizing shareholder wealth and resorts to deception in an effort to satisfy greed or ego, then that is a newsworthy event.
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Which of the following statements describes the moral theory of utilitarianism?
A) People must choose the action or follow the rule that provides the greatest good to society. B) People must follow actions that are in accordance with a specific ethical rule or principle from a religious text. C) People must choose to follow actions of a virtuous person. D) People must follow actions based on moral duties imparted by one's community.
Which of the following could describe the effects of an asset exchange transaction on the elements of a company's financial statements? Assets=Liab.+EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.NA=NA+NANA-NA=NA+OAB.+=NA++NA-NA=NA+FAC.-=NA+-NA-NA=NANAD.+=++NANA-NA=NA+FA
A. Option A B. Option B C. Option C D. Option D
Electronic communications networks (ECNs) provide an alternative trading medium, which has increased competition among the stock exchanges.
Answer the following statement true (T) or false (F)
A copyright would protect a photograph
Indicate whether the statement is true or false