___________ is concerned with the acquisition, financing, and management of assets with some overall goal in mind.
Correct answer: A. Financial management
- A. Financial management
- B. Profit maximization
- C. Agency theory
- D. Social responsibilityFinance
Explanation
Financial management is defined as the acquisition, financing, and management of assets in pursuit of an overall goal, usually shareholder wealth maximization. The other options are objectives or theories rather than this functional field.
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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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