Question : Read the following statements of Assertion (A) and Reason(R) and choose the correct alternative:
Assertion(A): Financial Management is imaginative function.
Reason(R): Financial Management is one of the functional areas of management.
Option 1: Both A and R correct and R is the correct explanation of A.
Option 2: A is correct and R is wrong.
Option 3: A is wrong and R is correct
Option 4: Both A and R are correct but R is not the correct explanation of A.
Correct Answer:
A is wrong and R is correct
Solution : Financial Management is concerned with management of flow of funds and involved decisions relating to procurement of funds, investment of funds in long term and short term assets and distribution of earnings to the owner.
Hence, option C is correct.
