- 20 Marks
FM – May 2021 – L3 – Q3 – Ethical Issues in Financial Management
Discuss non-financial and ethical issues affecting financial objectives and outline financial objectives in not-for-profit organizations.
Question
Question:
a. Discuss and provide examples of the types of non-financial, ethical, and environmental issues that might influence the objectives of companies. Consider the impact of these non-financial, ethical, and environmental issues on the achievement of primary financial objectives such as the maximisation of shareholder wealth. (12 Marks)
b. Discuss generally, the nature of the financial objectives that may be set in a not-for-profit organisation such as a charity or a hospital. (8 Marks)
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