BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is/ are example(s) of financial goal(s)?
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Start an emergency fund
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Pay off credit card
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Save for children’s education
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All of the above
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Explanation:
Detailed explanation-1: -Paying off debt. Saving for retirement. Building an emergency fund. Buying a home.
Detailed explanation-2: -Financial goals comprise earning, saving, investing and spending in proportions that match your short-term, medium-term or long-term plans.
Detailed explanation-3: -profitability, liquidity, efficiency, and stability.
Detailed explanation-4: -Proper allocation of resources: Ensuring that the right resources are available to achieve desired objectives. Controlling costs: Keeping operational costs low to maximize profits. Efficient capital structure: Setting up an effective system to manage existing and future debt, equity, and other financial tools.
There is 1 question to complete.