BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Liquidity
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Solvency
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Growth
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Expenses
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Detailed explanation-1: -Ensuring excess availability of funds at the right time is not an objective of financial planning.
Detailed explanation-2: -Ensuring discipline in the organization. is not an objective of financial management.
Detailed explanation-3: -Corporate Social Responsibility is not an element of financial management.
Detailed explanation-4: -Arrow / What Are the Four Elements of Financial Management? Financial management combines organisation, business objectives, task and innovation management as well as the financial stability and profits of a business, and the list can lead to a convoluted practice.
Detailed explanation-5: -Wealth maximization (shareholders’ value maximization) is also a main objective of financial management. Wealth maximization means to earn maximum wealth for the shareholders.