What is the goal of financial management for a sole proprietorship?
A)Maximise net income given the current resources of the firm.
B)Decrease long-term debt to reduce the risk to the owner.
C)Minimise the tax impact on the proprietor.
D)Maximise the market value of the equity.
E)Minimise the reliance on fixed costs.

Question

Quizplus · Accepted Answer

The primary goal of financial management for a sole proprietorship is to maximize the market value of the owner's equity, as this reflects the overall financial health and success of the business.

What Is the Goal of Financial Management for a Sole