Please help with a problem involving the primary objective (or goal) of a financial manager in a corporation.
First, briefly distinguish between a partnership as opposed to a corporate form of business organization. Next, explain the concept of the primary objective of the firm; that is, what is the basic goal of the financial manager in a corporate form of business organization. Finally, briefly explain the two (2) methods of raising financial capital available for a corporation which do not exist for a traditional partnership.
Corporation is a legal person having a separate identity. It is an artificial person and it is created under the law. Partnership is an organization owned by two or more person and they share the profits. Shareholders in corporation have limited liability, whereas partners may have unlimited liability. Corporate can raise much ...
This solution helps describe the primary objective (or goal) of a financial manager in a corporation. It distinguishes between a partnership and a corporate form of a business organization. It also explains the concept of primary objectives of the firm and explains the two methods of raising financial capital. The explanation is given in 209 words with one reference.