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Questions and Answers
What is the primary concern of financial management?
What is the primary concern of financial management?
- Maximizing the number of employees in the firm
- Maximizing the value of the firm for stockholders (correct)
- Maximizing the number of products sold by the firm
- Minimizing expenses and cash flow
Who do financial managers typically report to?
Who do financial managers typically report to?
- Operations managers
- Senior management or the financial director (correct)
- Human resources department
- Marketing managers
What is one of the responsibilities of financial management in relation to funds?
What is one of the responsibilities of financial management in relation to funds?
- Minimizing short-term debts
- Maximizing long-term debts
- Efficient and effective day-to-day management of funds (correct)
- Speculative investment in high-risk assets
What does financial management overlap with in terms of management?
What does financial management overlap with in terms of management?
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What does financial management generally focus on in terms of working capital?
What does financial management generally focus on in terms of working capital?
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