Question : Which of the following statement is incorrect regarding the financial management?
Option 1: Financial management aims to reduce the cost of funds procured.
Option 2: Financial management lacks in availability of funds as and when required.
Option 3: Financial management achieve effective investment of such funds.
Option 4: None of the above
Correct Answer: Financial management lacks in availability of funds as and when required.
Solution : Financial Management is concerned with management of law of funds and involves decisions relating to procurement of funds, investment of funds in long term and short term assets and distribution of earnings to the honours. Financial management ensures availability of enough funds as and when required.
Hence, option B is correct.
Question : One of the concepts of financial management takes into consideration the growth, performance, investment, and requirement of funds for a given period. Which concept is highlighted in the given statement?
Question : Statement 1: Effective management requires effective communication.
Statement 2: Effective communication is not necessary for successful management.
Question : The resources should be put to use in such a manner that they should give maximum benefit with minimum cost. The given statement tells us about which significance of principal of management?
Question : The entrance to management institute is preceded by Management aptitude test. The given statement so which significance of principles of management?
Question : Which feature of management is highlighted in the below statement? Success of a manager depends upon his application of existing knowledge to achieve the desired results.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile