BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the estimation of total requirement of funds and monitoring effective deployment of funds in fixed assets and working capital
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long term planning of company’s activities
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profit planning for the organisation
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short term planning
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Detailed explanation-1: -The purpose of financial management is to guide businesses or individuals on financial decisions that affect financial stability both now and in the future.
Detailed explanation-2: -Financial Management is a study of planning, designing, directing and managing the economic activities such as the utilization of capital and acquisition of the firm. To put it in other words, it is applying general management standards to the financial resources of the firm.
Detailed explanation-3: -In simple terms, financial management is the business function that deals with investing the available financial resources in a way that greater business success and return-on-investment (ROI) is achieved.
Detailed explanation-4: -Strategic financial management means not only managing a company’s finances but managing them with the intention to succeed-that is, to attain the company’s long-term goals and objectives and maximize shareholder value over time.