BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cooperation among departments is vital to ensure the company move forward smoothly. Financial management covers multidimensional approaches such as the following:
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Financial management and economics
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Financial management and human resource
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Financial management and marketing
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All answers are correct
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Explanation:
Detailed explanation-1: -Allocation and Utilization of Financial Resources Financial management ensures that all financial resources of the organizations are used and invested effectively and efficiently so that the organization is profitable, sustainable, and viable in the long run.
Detailed explanation-2: -If the objective function in corporate finance is to maximize firm value, it follows that firm value must be linked to the three corporate finance decisions outlined-investment, financing, and dividend decisions.
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