BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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concerned with growing the business
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concerned with increasing profitability
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concerned with increasing efficiency
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concerned with managing cash flow and meeting current debts
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Detailed explanation-1: -Short-Term Financial Goals Your short-term goals should consist of setting a budget, reducing your debt, and starting an emergency fund. There are plenty of free online budgeting tools to help you learn how to budget. Once you figure out a budget, it’s important to start thinking about how you can reduce your debt.
Detailed explanation-2: -Short-term financial management, simply put, is anything less than a year out. Though some long-term finances may be part of the short-term equation (such as office mortgage payments and long-term business costs), this type of financial management usually stays under the year mark.
Detailed explanation-3: -The cash inflows received through short-term bank loans and the cash outflows used to repay the principal amount of short-term bank loans are reported in the financing activities section of the statement of cash flows.
Detailed explanation-4: -Short term objectives are typically liquidity and solvency. Long term objectives are profitability, efficiency and growth.