the primary goal of financial managers is to maximize the wealth of the owners.

the primary goal of financial managers is to maximize the wealth of the owners. Do u fully agree or disagree with this statement

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Expert Solution

The most important responsibility of the financial managers is to prepare the financial reports of the company with an aim to provide a better feedback regarding the expenses and incomes in order to assess whether the company is progressing or not. This would include proposing new investments, stopping existing investments that cause loss and finally, prepare the strategic plan for decreasing the loss. So, I agree that the most important responsibility of the financial managers is to maximize the wealth through right investments, better strategies to reduce loss and increase the profit. They would also be responsible managing the accounts in order to ensure that all the activities are recorded and reported properly in order to have a better understanding of the financial status of the company.

Hayet Jeridi answered 1 year ago

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