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The financial manager has three main tasks in maximizing the wealth of the stockholders. Which ONE of the following is FALSE? 2. Financing decision: the
The financial manager has three main tasks in maximizing the wealth of the stockholders. Which ONE of the following is FALSE? 2. Financing decision: the financial manager must decide whether to raise more money from new and existing owners by selling more shares or to borrow the money instead. b. Corporate governance decision: the financial manager need to appoint a board of directors to set out the overall strategic direction while taking into account the interest of other stakeholders. OC. None of the answers are correct. O d. Cash management decision: the financial manager must ensure that the firm has enough cash on hand to meet its obligations at each point in time. O. Investment decision: the financial manager must weigh the costs and benefits of each investment or project
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