Asked by Faith DeNoyer on Apr 26, 2024

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Financial managers are responsible for increasing profits to shareholders.

Financial Managers

Professionals responsible for the financial health of an organization, including planning, directing investment activities, and managing financial reports.

Profits

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Shareholders

Individuals or entities that own shares in a corporation, giving them partial ownership and a potential say in company decisions.

  • Recognize the duties and obligations of primary financial management roles in corporations.
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Roosevelt EmileApr 29, 2024
Final Answer :
True
Explanation :
Financial managers aim to increase company value and shareholder wealth, which is often achieved by maximizing profits and implementing strategies that enhance the financial health and profitability of the organization.