Financial Management Concepts Quiz for B
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the main objective of financial management?

  • Minimizing operational costs
  • Maximizing shareholders' wealth (correct)
  • Maximizing revenue
  • Minimizing tax liabilities

    • According to Joseph and Massie, how do they define financial management?

  • Operational activity responsible for obtaining and effectively utilizing funds (correct)
  • Operational activity responsible for human resource management
  • Operational activity responsible for marketing and sales
  • Operational activity responsible for production and operations

    • What does Van Horne emphasize as the concern of financial management?

  • Acquisition and utilization of technology for business operations
  • Acquisition, financing, and management of assets with an overall goal in mind (correct)
  • Acquisition and management of raw materials
  • Acquisition and management of human resources

    • How can financial management be understood in detail according to the text?

    <p>By studying traditional and modern approaches</p> Signup and view all the answers

    What is the focus of financial management under the traditional approach?

    <p>Acquisition and management of funds</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser