Financial Management Overview
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Questions and Answers

Who do financial managers (FM) typically report to?

  • Human resources department
  • Marketing department
  • Senior management (correct)
  • Operations management

    • What is the main objective of financial management?

  • Maximizing cash flow
  • Maximizing credit
  • Maximizing profitability (correct)
  • Minimizing expenses

    • What is one of the short-run objectives of financial management?

  • Increasing long-term liabilities
  • Maximizing long-term profits
  • Expanding current assets
  • Maintaining proper cash flow (correct)

    • What does financial management generally focus on in terms of working capital management?

    <p>Current assets and current liabilities (A)</p> Signup and view all the answers

    What does long term strategic financial management include?

    <p>Capital budgeting and dividend policy (D)</p> Signup and view all the answers

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