What are some common goals for financial managers? How do go
Please help answer the following questions. Provide at least 200 words in the solution.
What are some common goals for financial managers? How do goals of a non-profit organization's financial manager differ from goals of a for-profit organization's financial manager?
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What are some common goals for financial managers?
-- The main goal of any financial manager for any type of business entity is to maximize wealth. In a for-profit, this means maximizing wealth of the shareholders, mostly comprised of investors and external parties. In the non-profit organization, this is more internal, and means maximizing wealth for the organization, so that they can do more with the resources that they ...
Solution Summary
The following posting helps with a finance problem. This solution helps discuss some common goals for financial managers. It also discusses how goals of non-profit organization's financial managers may differ from goals of a for-profit organization's financial manager. The explanation is given in 252 words.