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Questions and Answers
Which of the following is a key objective of financial management?
Which of the following is a key objective of financial management?
- Maximizing profits (correct)
- Maximizing employee satisfaction
- Maximizing sales
- Minimizing costs
What is the difference between financial accounting and financial management?
What is the difference between financial accounting and financial management?
- Financial accounting is focused on tax compliance, while financial management is focused on financial planning
- Financial accounting deals with recording financial transactions, while financial management is concerned with managing financial resources (correct)
- Financial accounting is concerned with managing financial resources, while financial management deals with recording financial transactions
- Financial accounting is only used by large corporations, while financial management is used by all businesses
What is the purpose of financial analysis in financial management?
What is the purpose of financial analysis in financial management?
- To increase employee satisfaction and motivation
- To evaluate the company's financial performance and make informed decisions (correct)
- To reduce costs and increase sales
- To comply with tax regulations
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