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The focal point of financial management in a firm is _______

  • The focal point of financial management in a firm is the creation of value for shareholders.
  • Financial management is the study of the process of financial decision-making. An organization should be effective in its management process to create and expand its operations.
  • Financial Management is the art and skill of developing techniques to create effectiveness in this process. The decision-making process consists of investment decisions, financing decisions and dividend decisions.