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Financial Management: Scope and Functions

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Financial Management: Scope and Functions

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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

Financial Management: Scope and Functions

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Questions and Answers

What is the primary objective of financial management?

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

What is the main function of finance within an organization?

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