Financial Management Quiz

Financial accounting is only used by large corporations, while financial management is used by all businesses

Financial accounting deals with recording financial transactions, while financial management is concerned with managing financial resources (correct)

Financial accounting is focused on tax compliance, while financial management is focused on financial planning

Financial accounting is concerned with managing financial resources, while financial management deals with recording financial transactions

Maximizing employee satisfaction

Maximizing profits (correct)

Minimizing costs

Maximizing sales

To comply with tax regulations

To reduce costs and increase sales

To evaluate the company's financial performance and make informed decisions (correct)

To increase employee satisfaction and motivation

<p>Maximizing profits for shareholders</p> Signup and view all the answers

<p>Balance sheet</p> Signup and view all the answers

<p>To ensure the company has enough funds to meet its financial goals</p> Signup and view all the answers