Direction: The following items consist of two statements, Statement I and Statement II. You are to examine these two statements carefully and select the answer to these items using the codes given below. Statement I A financial manager's concern must be to maintain liquidity rather than profitability. Statement II Main objective of financial management is maximisation of profits. Codes

Question

TuteeHUB · Accepted Answer

Statement I is correct, but Statement II is incorrect

TuteeHUB · Answer

Both statements are correct

TuteeHUB · Answer

Both statements are incorrect

TuteeHUB · Answer

Statement I is incorrect, but Statement II is correct

1.	Direction: The following items consist of two statements, Statement I and Statement II. You are to examine these two statements carefully and select the answer to these items using the codes given below. Statement I A financial manager's concern must be to maintain liquidity rather than profitability. Statement II Main objective of financial management is maximisation of profits. Codes
A.	Both statements are correct
B.	Both statements are incorrect
C.	Statement I is correct, but Statement II is incorrect
D.	Statement I is incorrect, but Statement II is correct
Answer» C. Statement I is correct, but Statement II is incorrect

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