FIN 101
Ashford University
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Exam (elaborations)
FIN 101 Principals of Finance WELL ELABORATED
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---978July 20222021/2022A
- Financial management deals with the maintenance and creation of economic 
value or wealth 
True 
 
The fundamental goal of a business is to maximize the retained earnings 
available to the corporations shareholders 
False 
 
Shareholder wealth maximization means maximizing the price of the existing 
common stock 
True 
 
Corporate managers should accept investment projects that maximize profits in 
the short run because of the time value of money
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