explain the overall objective of a financial manager, including approaches to achieve the objective. Explain how the objective relates to market value added, economic value added, and free cash flow
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- The ultimate goal of the financial system in a market economy is to make the price of financial assets correctly reflect their true value (informational efficiency) achieve the financial equality among different people and organizations make the costs of financial transactions as low as possible (operational efficiency) allocate funds to their best use (allocational efficiency)Maintaining relation with financiers comes under ______________ objective of financial management. a.Research Objectives b.Social Objectives c.Basic objectives d.Operational ObjectivesWhat is the use and purpose of Financial Performance Measures and Non-financial Performance Measures?