Financial managers emphasize the goal of maximizing the market price of stock because:
A) they have a fiduciary duty.
B) they have to safeguard owner's investments.
C) their money is at risk.
D) they are socially responsible.

Question

Quizplus · Accepted Answer

Financial managers have a fiduciary duty to act in the best interests of the shareholders, which includes maximizing the market price of the stock.

Financial Managers Emphasize the Goal of Maximizing the Market Price