Which of the following is NOT a goal of financial management?

Minimizing taxation is not typically considered a primary goal of financial management. The primary focus of financial management revolves around optimizing the overall financial performance of an organization, which includes maximizing shareholder value, ensuring that the organization has enough liquidity to meet its obligations, and enhancing operational efficiency to support stable growth and profitability.

Maximizing shareholder value is a central goal, as it reflects the organization's success in increasing the worth of the company for its owners. Ensuring organizational liquidity is essential as well, as it allows a business to operate effectively without the risk of insolvency by ensuring that there is enough cash flow to meet immediate expenses.

Enhancing operational efficiency ties into improving processes and resources to maximize productivity and ultimately profitability. While minimizing taxation can be beneficial for a company, it is often seen as a means to an end rather than a goal of financial management itself. The core objectives focus on the broader financial health and operational success of the organization.