BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

FINANCIAL MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Personal Financial Management is the process of controlling. income and organizing expenses through a detailed Financal plan
A
True
B
False
Explanation: 

Detailed explanation-1: -Personal finance is the process of planning and managing personal financial activities such as income generation, spending, saving, investing, and protection. The process of managing one’s personal finances can be summarized in a budget or financial plan.

Detailed explanation-2: -personal financial management. is the process of controlling your income and your expenses. automatic deduction plan. funds are automatically deducted from your paycheck and placed into your savings account so you do not get the opportunity to spend the money.

Detailed explanation-3: -Financial Management is a vital activity in any organization. It is the process of planning, organizing, controlling and monitoring financial resources with a view to achieve organizational goals and objectives.

Detailed explanation-4: -3) Personal financial planning is the process of managing your money to achieve personal economic satisfaction.

There is 1 question to complete.