1. The management of the firm's short-term assets and liabilities is called ___________
A. Financial risk management.
B. Financial leverage management.
C. Working capital management.
D. Capital budgeting decision.
2. The primary goal of financial management is to _________________________
A. Maximize current sales, total assets, and ultimately net income.
B. Minimize total operating costs in order to maintain steady earnings growth.
C. Maximize the shareholders’ wealth which is equivalent to maximizing the value of the company stock.
D. Maximize customer satisfaction and market size.