GK
ACCOUNTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which is the function of finance as per John J. Hampton?
|
|
Managing funds
|
|
|
Managing assets
|
|
|
Liquidity function
|
|
|
All of the above
|
Explanation:
Detailed explanation-1: -John J. Hampton explained following four functions (1) Managing Funds, (2) Managing Assets, (3) Liquidity Functions and (4) Profitability Functions.
Detailed explanation-2: -There are two main purposes of the finance function: to provide the financial information that other business functions require to operate effectively and efficiently. to support business planning and decision-making.
Detailed explanation-3: -Capital budgeting. Employing funds in different assets is integral to any organisation. Capital structure. Sourcing funds to ensure smooth functioning is the quintessential decision organisations need to make. Dividend decision. Working capital management decision. 13-Dec-2022
There is 1 question to complete.