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Questions and Answers
What are the three essential components of financial management?
What are the three essential components of financial management?
- Investment decisions, financing decisions, and dividends (correct)
- Marketing, production, and sales
- Budgeting, auditing, and tax planning
- Risk management, human resources, and operations
What was the primary focus of financial managers in the first half of the 1960s?
What was the primary focus of financial managers in the first half of the 1960s?
- Raising funds and managing firm's cash positions (correct)
- Developing portfolio management
- Maximizing shareholders' wealth
- Preparing financial statements
What is the present concern of financial management?
What is the present concern of financial management?
- Maximization of market share through aggressive marketing
- Maximization of employee satisfaction through HR management
- Maximization of shareholders' wealth through major decision-making (correct)
- Minimization of tax liabilities through financial planning
What is the role of financial management in terms of capital needs assessment?
What is the role of financial management in terms of capital needs assessment?
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What does financial management help the firm maximize?
What does financial management help the firm maximize?
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