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Statement I The objective of finance function is wealth maximisation.
Statement II The objective of finance function is profit maximisation.

Statement I The objective of finance function is wealth maximisation.
Statement II The objective of finance function is profit maximisation. Correct Answer Both statements are correct

Related Questions

Baumol has suggested as an alternative objective for profit maximisation, the maximisation of
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer : Statement : Quality of life of a person is not dependent only on his wealth. Assumptions : I. The aim of most people is just to acquire more wealth. II. There are some factors other than wealth which contribute to the quality of life. III. Wealth does not contribute to the quality of life at all.
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : Quality of life of a person is not dependent only on his wealth.

Assumptions :
I. The aim of most people is just to acquire more wealth.
II. There are some factors other than wealth which contribute to the quality of life.
III. Wealth does not contribute to the quality of life at all.
Read the following passage and answer the item that follows. Your answers to this item should be based on the passage only. In the last two decades, the world's gross domestic product (GDP) has increased by 50 percent, whereas inclusive wealth has increased by a mere 3 percent. In recent decades, GDP-driven economic performance has only harmed inclusive wealth like human capital; and natural capital like forests, land and water. While the world's human capital which stands at 57 percent of total inclusive wealth grew by only 8 percent, the natural capital which is 23 percent of total inclusive wealth declined by 30 percent worldwide in the last two decades. Which of the following is the most crucial inference from the above passage?
If A’s wealth is 5/6 times of B’s wealth and C’s is 3/5 times of B’s. What is the ratio of A’s wealth to C’s wealth.     
In this question, a statement is given followed by four conclusions. Choose the conclusion(s) which best fit(s)logically. Statement: Ability is poor man's wealth. Conclusions: I. A poor man can earn wealth if he has ability. II. A wealthy man is always able. III. A poor man is always able. IV. A poor man has the ability to earn wealth. 
Which of the following statements is/are correct about the Finance Commission of India? 1. The eligibility of members of the Finance Commission is determined by the President. 2. The First Finance Commission was constituted in 1951. 3. The President of India constitutes the Finance Commission every 5 years. 4. Chairman of Finance Commission submits his report to the Parliament of India.
Which of the following statements is/are not correct about the State Finance Commission of Uttar Pradesh– 1. Fifth Finance Commission is under operation in the state. 2. The Chairman of the fifth Finance Commission is Aanand Mishra. 3. First State Finance Commission was formed in 1994. 4. State Finance Commission is formed under the article-243 (I) of the Indian Constitution.
With reference to the Finance Commission of India, consider the following statements: 1. The Finance Commission is a statutory body. 2. The Finance Commission was set up under Article 280 of the Constitution. 3. The recommendations made by the Finance Commission are only advisory in nature. 4. The first Finance Commission was set up in 1950. Which of the above statements are correct?
Read the given statement and conclusions carefully. Assuming that the information in the statement is true, even if they appear to be in variance with commonly known facts, select which of the conclusions logically follow(s) from the statement beyond reasonable doubt. Statement: Data shows that 1% of the rich own 50% of the wealth in country X. Conclusions: I.  The rich in country X are becoming richer and the poor poorer. II.  Wealth distribution in country X is unequal.