General Studies · Objectives of Financial Management
Sound financial management facilitates the optimal utilization of resources and the avoidance of wasteful expenditure to primarily achieve which of the following outcomes?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Maximizing short-term accounting profits without risk assessment
- 2Maintaining firm solvency and building investor confidence✓
- 3Confining the financial role to clerical record-keeping
- 4Neglecting social and ethical obligations for immediate gains
Correct answer
Maintaining firm solvency and building investor confidence
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