Having some overall goal in mind, financial management is concerned with:
Correct answer: D. All of them
- A. Acquisition of assets
- B. Financing of assets
- C. Management of assets
- D. All of them
Explanation
Financial management covers the complete cycle of acquiring assets, deciding how to finance them, and managing their use. Therefore, all three activities are included.
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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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