BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Earning capital assets of the company
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Effective management of a fund
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Arrangement of financial resources
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Proper utilization of funds
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Detailed explanation-1: -In his traditional role the finance manager is responsible for arrangement of financial resources. Financial managers are responsible for the financial health of an organization.
Detailed explanation-2: -Financial managers generally oversee the financial health of an organization and help ensure its continued viability. They supervise important functions, such as monitoring cash flow, determining profitability, managing expenses and producing accurate financial information.
Detailed explanation-3: -Solution(By Examveda Team) Mobilizing funds, Risk returns trade off, Deployment of funds and Control over the uses of funds are the function of the finance manager.
Detailed explanation-4: -The roles and responsibilities for financial management and financial performance in public sector entities are clear. The Public Finance Act 1989 states that the chief executive of a government department is responsible for the financial management and financial performance of the department.