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Financial Management: Scope and Functions
3 Questions
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Financial Management: Scope and Functions

Created by
@SustainableZircon2063

Questions and Answers

What is the primary objective of financial management?

  • Minimizing production costs
  • Maximizing customer satisfaction
  • Minimizing employee turnover
  • Maximizing shareholder wealth (correct)

    • What is the role of a financial manager in an organization?

  • Supervising production processes
  • Making strategic financial decisions (correct)
  • Managing customer service operations
  • Overseeing employee training programs

    • What is the main function of finance within an organization?

  • Capital budgeting and investment decisions (correct)
  • Marketing strategy development
  • R&D management
  • Human resources management

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