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SSC Audit Tax Finance P-II QUESTION #6177
Question 1
What is the primary objective of Financial Management (FM) as distinguished from Economics?
  • Profit maximization for society
  • Maximize shareholder wealth in present terms✔️
  • Recording accurate historical data
  • Minimizing tax liability for the government
Correct Answer Explanation
Lesson 02 clarifies that while Economics aims for broad profit maximization, FM specifically focuses on maximizing shareholder wealth.