BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

FINANCIAL MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Mr Bean’s has a financial goal. He wants to install an air purifier worth RM2 000 in his mother’s room next year. Is this a short-term goal or long-term goal? Is this financial goal a need or a want?

A	short-term goal
B	long-term goal
C	need
D	want

Explanation:

Detailed explanation-1: -Financial managers perform data analysis and advise senior managers on profit-maximizing ideas. Financial managers are responsible for the financial health of an organization. They create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization.

Detailed explanation-2: -Step 1: Assess your financial foothold To assess your financial foothold, take stock of your income, expenses and debt. List your assets: the value of your property and investments (if any) and the balances of your checking and savings accounts. Then, list your debts: credit card balances, mortgages and other loans.

Detailed explanation-3: -The goal of financial management is to maximize the current value per share of the existing stock.

There is 1 question to complete.