Financial Management Fundamentals Quiz
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Questions and Answers

Which one of the following best defines finance?

  • The science and art of managing money (correct)
  • The process of maximizing shareholder's wealth
  • The primary activities of the financial manager
  • The management of risks in business and life

    • Who is responsible for financial management within an organization?

  • Financial institutions
  • Shareholders
  • The CEO
  • The financial manager (correct)

    • What is the primary goal of financial management?

  • Maximizing shareholder's wealth (correct)
  • Managing financial institutions
  • Minimizing financial risks
  • Achieving market perception

    • How does the financial manager contribute to achieving the organization's goal?

    <p>By maximizing shareholder's wealth</p> Signup and view all the answers

    What is the role of financial institutions and markets?

    <p>Facilitating the flow of funds between borrowers and lenders</p> Signup and view all the answers

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