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.
Business
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The purpose of the departmental overhead cost report is to
a) control indirect labor costs. b) control selling expense. c) determine the efficient use of materials. d) control overhead costs.
Business
Mr. Parker whom is the regional manager will conduct the two day travel seminar
What will be an ideal response?
Business