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.
Question : Assertion: coordination is not a separate function of management .
Reason: like a thread in a garland ,coordination is a part of management function.
Question : Assertion: Planning is the most fundamental function of management.
Reason: It lays the foundation for all other management functions and helps in achieving objectives.
Question : Assertion: coordination is considered as only a one time function of the management .
Reason: coordination starts with the initial stage called planning and continues till the stage of controlling.
Question : Assertion: Planning is a forward-looking function of management.
Reason: It involves setting objectives and determining the best course of action to achieve them.
Question : Assertion: The primary function of middle-level management is to develop long-term strategies and policies.
Reason: They are responsible for coordinating the activities of various departments.
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