Question : The Management is interested to know, from financial statement analysis:
Option 1: Liquidity.
Option 2: Efficiencies.
Option 3: Profit.
Option 4: None of the above
Correct Answer: Profit.
Solution : Answer = Profit.
A company's management is interested in its success, profitability, and financial standing. It analyses the financial data using a variety of methods, tools, and processes that are at its disposal. Hence, the correct option is 3.
Question : Which of the following statement is incorrect regarding the financial management?
Question : Statement 1: Management is the process of achieving organizational goals.
Statement 2: Management is limited to profit-oriented organizations.
Question : Which of the following statement is correct? Statement 1- Management in action is the directing function of management. Statement 2- Monitoring function is the controlling function of management.
Question : Statement 1: In management accounting, data from cost accounting and financial accounting are both used. Statement 2: Therefore, a suitable system is required to combine cost accounts and financial accounts.
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