What are some common goals for financial managers? How do go
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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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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.
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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 ...
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