ECONOMICS

Detailed explanation-1: -True. Financial management is related with acquisition and utilization of money by the firm which includes allocation and management of money. Firms always are short of funds. Therefore, raising funds is the most important function of the financial manager.

Detailed explanation-2: -These choices can be as varied as the acquisition of resources, financing and raising assets, everyday capital, and expenditure management.

Detailed explanation-3: -The goal of financial management is to maximize shareholder wealth. For public companies this is the stock price, and for private companies this is the market value of the owners’ equity.

Detailed explanation-4: -Answer and Explanation: The statement is TRUE. An effective working capital manager will ensure that the business has sufficient funds to continue its operation smoothly. Simultaneously, it has to comply with an objective that firm’s assets will generate profits productively and efficiently.