'Financial management is the activity concerned with planning, raising, controlling and administering of funds used in the business' are the words of ________.
A
J. F. Brandley
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B
Guthmann and Dougall
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C
Massi
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D
Howard and Upton
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Solution
The correct option is B Guthmann and Dougall
According to the Guthmann and Dougall, “Business finance can broadly be defined as the activity concerned with planning, raising, controlling, administering of the funds used in the business”.