A major facet of financial management involves providing the financing necessary to support:
Correct answer: D. Assets
- A. Liabilities
- B. Debts
- C. Loans
- D. Assets
Explanation
Financial management arranges funds to acquire and support the firm’s assets, such as equipment, inventory, and receivables. Liabilities and debts are sources or claims related to financing, not the operating resources being supported.
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About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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