单选题 Financial managers should always select the project that provides the highest net present value (NPV) whenever NPV and IRR methods conflict, because maximizing:

A. revenues is the goal of financial management.
B. earnings per share is the goal of financial management.
C. shareholder wealth is the goal of financial management.

【正确答案】 C

【答案解析】Focusing on the maximization of earnings does not consider the differences in risk across projects, while focusing on revenues precludes concern for the expenses incurred. Earning a higher return on a small project provides less of a benefit than earning a slightly lower rate of return on a much larger project.