The main function of financial management is to increase the value of the company, making its resources more productive, regardless of whether it is a for-profit or non-profit company.

Select one:

to. True

b. False

Expert Solution

b. False

A Non - Profit Company or Not for profit Corporation's goal is to follow and achieve mission statement. Not for profit company is formed for certain objectives and for certain goals. These objectives and goals & the way to achieve those goals are specified in the Mission Statement. So, the goal of a Not - for - Profit Company is to follow and achieve mission statement. Thus, the objective for both profit or non-profit company are not similar.

jeff jeffy answered 2 years ago

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Question

The main function of financial management is to increase the value of the company, making its resources more productive, regardless of whether it is a for-profit or non-profit company.

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