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Questions and Answers
Financial management is primarily concerned with managing human resources
Financial management is primarily concerned with managing human resources
False
What is financial management concerned with?
What is financial management concerned with?
Financial management is concerned with profitability, expenses, cash and credit, and maximizing the value of the firm for stockholders.
Who are financial managers specialized professionals reporting to?
Who are financial managers specialized professionals reporting to?
Financial managers are specialized professionals directly reporting to senior management, often the financial director.
Financial management does not involve the management of funds on a day-to-day basis
Financial management does not involve the management of funds on a day-to-day basis
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What does financial management generally focus on in terms of working capital management?
What does financial management generally focus on in terms of working capital management?
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What is financial management involved with in terms of day-to-day management of funds?
What is financial management involved with in terms of day-to-day management of funds?
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What does financial management also entail in addition to short term working capital management?
What does financial management also entail in addition to short term working capital management?
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Study Notes
Definition of Financial Management
- Financial management is not primarily concerned with managing human resources
Financial Manager's Role
- Financial managers are specialized professionals who report to top management
Key Aspects of Financial Management
- Financial management does not involve the day-to-day management of funds
- Financial management generally focuses on long-term financial planning and policy decisions in terms of working capital management
- Financial management is involved with making strategic financial decisions, in addition to short-term working capital management
- Financial management also entails long-term investment decisions and fundraising
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Description
Test your knowledge of financial management with this quiz! Challenge yourself with questions about profitability, expenses, cash flow, credit management, and maximizing firm value. See how well you understand the efficient acquisition and deployment of financial resources to achieve business objectives.
