What is the primary purpose of the "Canon of financial

Q: Answer-What is the primary purpose of the 'Canon of financial propriety'?

The primary purpose of the Canon of financial propriety is to ensure fiscal responsibility and prudent financial management. It involves following established principles and guidelines to manage financial resources efficiently, transparently, and responsibly.

propriety"?

A Maximizing profits for shareholders Correct Answer Incorrect Answer

B Ensuring fiscal responsibility and prudent financial management Correct Answer Incorrect Answer

C Minimizing taxes for the organization Correct Answer Incorrect Answer

D Promoting financial risk-taking Correct Answer Incorrect Answer

Solution

The primary purpose of the "Canon of financial propriety" is to ensure fiscal responsibility and prudent financial management. It involves following established principles and guidelines to manage financial resources efficiently, transparently, and responsibly.

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