Asked by Gabrielle Monique on Jul 17, 2024
Verified
The primary goal of financial management is to minimize the corporate tax liability.
Corporate Tax Liability
Corporate tax liability is the total amount of tax that a corporation is legally obligated to pay to the government based on its taxable income.
- Recognize the primary goal of financial management in terms of shareholder wealth maximization.
Verified Answer
JM
Julia MastersJul 21, 2024
Final Answer :
False
Explanation :
The primary goal of financial management is to maximize shareholder wealth, typically represented by the company's stock price, rather than just minimizing the corporate tax liability.
Learning Objectives
- Recognize the primary goal of financial management in terms of shareholder wealth maximization.
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