Question

What does financial management primarily involve?

a.

Organizing and directing

b.

Acquisition and allocation of funds

c.

Budgeting and control

d.

Financial statements analysis

Answer: (b).Acquisition and allocation of funds Explanation:Financial management functions comprise acquisition of funds, raising of capital, allocation of funds and capital among different projects and plans with a view to maximize the value of the enterprise.

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Q. What does financial management primarily involve?

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