Questions and Answers
Explain the importance of financial management in business?
Financial management is important in business as it helps in making strategic decisions, managing cash flow, and ensuring financial stability and growth.
What are the key components of financial management?
The key components of financial management include financial planning, budgeting, investment decisions, and risk management.
How does effective financial management contribute to the success of a business?
Effective financial management contributes to the success of a business by ensuring efficient use of resources, maximizing profits, and minimizing financial risks.
