BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Khan & Jain
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Solomon
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J.F. Bradley
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James C. Van Horne
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Detailed explanation-1: -In the words of Van Horne – “Financial Management is concerned with the acquisition financing and management of assets with some overall goal in mind.”
Detailed explanation-2: -O Financial management is concerned with the acquisition, financing, and management of assets with some overall goal in mind.
Detailed explanation-3: -Answer & Solution Solution: Financial Management is mainly concerned with all aspects of acquiring and utilizing financial resources for firms activities.
Detailed explanation-4: -Importance of Financial Management Assists in acquiring and managing funds. Helps in funds allocation. Provides insights to make critical financial decisions. Cuts down financial costs.
Detailed explanation-5: -Financial management in business It is the process of planning, organizing, controlling, and monitoring financial resources to achieve organizational goals and objectives. In business, financial management is the process of handling a company’s finances in a way that generates value for the overall business.