Understanding Finance in Business
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Questions and Answers

What is the role of a financial manager?

  • Managing human resources
  • Developing production processes
  • Executing marketing strategies
  • Controlling finance and implementing plans (correct)

    • What is the nature of financial management according to the text?

  • A separate entity from other managerial functions
  • Related to various specialization courses (correct)
  • Not an important education worldwide
  • Unconnected to economic activities

    • What does the text suggest about the importance of financial management education?

  • Realized only by operational managers
  • Limited to short-term decision making
  • Undergone by many people as a profession (correct)
  • Not realized worldwide

    • What does the text imply about the relationship between financial management and economic activities?

    <p>Financial management serves as a foundation for economic activities</p> Signup and view all the answers

    Who is responsible for financial management according to the text?

    <p>All managers including operational and functional</p> Signup and view all the answers

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