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The lesson notes that a business firm can broadly pursue only two alternative objectives in financial management. Which pair correctly names those two objectives?
Answer & Solution
Correct answer: A.
1. The lesson opens its "Objectives of Financial Management" section.
2. It states there are only two alternative objectives a firm can broadly pursue.
3. These are profit maximisation and shareholder wealth maximisation.
4. The other pairs are not the lesson's alternatives.
_Source: ICSI CS Executive Paper 8 (Financial and Strategic Management) — Lesson 1: Nature, Significance and Scope of Financial Management, pp. 6-20._
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