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Introduction to Indirect Method

is the activi...

Question

________ is the activity concerned with planning, raising, controlling and administering of funds used in the business.

A

Strategy

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B

Business function

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C

Financial Management

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D

Transformation process

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Solution

The correct option is A Financial Management
Financial Management is concerned with optimal procurement as well as usage of finance.
For optimal procurement, different available sources of finance are identified and compared in terms of their costs and associated risks.
Thus financial management is the activity concerned with planning, raising, controlling and administering of funds used in the business.

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