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Business Studies

Important of Financial Planning

What is the m...

Question

What is the main function of financial management?

A

Procurement of Funds

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B

All of these

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C

Allocation of Net Profits

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D

Financial Planning

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Solution

The correct option is B
All of these

Financial management is concerned with management decisions relating to optimal procurement of funds, investment of funds in long term and short term assets of the firm. It is wider in scope as it includes financial planning also.

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