Answered: Discuss the nature and purposes of…

Discuss the nature and purposes of financial management and its goals including issues on corporate governance, agency and conflicts of interest and trends and issues in finance.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1. Discuss the nature and purposes of financial management and its goals including issues on corporate governance, agency and conflicts of interest and trends and issues in finance.

Approach to decide on the efficient procurement and investment of funds for the day-to-day operations of a business. Financial management aims at profit maximization, and it includes financing and capital budgeting.

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