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Questions and Answers
Which one of the following best defines finance?
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?
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?
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?
How does the financial manager contribute to achieving the organization's goal?
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What is the role of financial institutions and markets?
What is the role of financial institutions and markets?
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