BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Raising of funds
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Management of cash
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Utilisation of fund
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Both raising and utilisation of fund
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Detailed explanation-1: -Finance manager is responsible for financial health of the organisation. Therefore, they are responsible for raising of funds & their effective utilisation.
Detailed explanation-2: -Finance involves managing the firm’s money. The financial manager must decide how much money is needed and when, how best to use the available funds, and how to get the required financing. The financial manager’s responsibilities include financial planning, investing (spending money), and financing (raising money).
Detailed explanation-3: -A Finance Manager distributes the financial resources of a company, is responsible for the budget planning, and supports the executive management team by offering insights and financial advice that will allow them to make the best business decisions for the company.