Financial Management — Business Studies STD 12 Commerce — Question
CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesFinancial Management1 Mark
Question
What is meant by ‘financial management’?
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Answer
Financial Management refers to management of flow of funds and involves decisions relating to procurement of funds, investment of funds and distribution of earnings to the owners. Alternate answer
Financial Management means planning, organising, directing and controlling the financial activities of an organisation.
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