question_answer

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