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What Are the Goals of Financial Management?

Instructions:

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question 1 of 3

Which employees in a company are responsible for financial management?

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1. Financial management involves which of the following?

2. Which of the following is included in the scope of financial management?

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About This Quiz & Worksheet

Businesses use financial management for many practical reasons. You will be tested on the goals of financial management and how companies apply this aspect of business.

Quiz & Worksheet Goals

The following quiz requires you to identify:

  • Individuals responsible for financial management
  • The function and components of financial management
  • The main beneficiaries of profit maximization

Skills Practiced

  • Critical thinking - apply relevant concepts to examine information about financial management goals in a different light
  • Interpreting information - verify that you can read information regarding the sale of an underperforming factory and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the group of people who benefit from profit maximization

Additional Learning

For additional information on financial management, check out the related lesson called What Are the Goals of Financial Management? This lesson provides a:

  • Detailed summary on the scope of financial management
  • Chart detailing how all parties might be affected by a change in operation
  • Theoretical example illustrating effects of profit maximization
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