Question

What is the primary focus of financial management in the open and global business environment?

a.

Certainties and actual performances

b.

Uncertainties and probabilities

c.

Accrual analysis

d.

Fund Flow principle

Answer: (b).Uncertainties and probabilities Explanation:In the open and global business environment, financial management focuses on uncertainties and probabilities.

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Q. What is the primary focus of financial management in the open and global business environment?

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