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Questions and Answers
Which of the following best defines finance?
Which of the following best defines finance?
- The activities that create or preserve the economic value of assets
- The process of making sound financial decisions
- The art and science of managing wealth (correct)
- The decisions regarding what assets to buy and sell
What is the main objective of finance?
What is the main objective of finance?
- To maximize wealth
- To make individuals and businesses better off (correct)
- To manage cash flow
- To maximize profits
Which of the following is not a financial function?
Which of the following is not a financial function?
- Dividend decision
- Financing
- Marketing (correct)
- Investment
What is the nature of financial management?
What is the nature of financial management?
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What is the role of financial managers?
What is the role of financial managers?
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