Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Business Arithmetic

Question:
"It means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise." Which of the following concept is being discussed here?
Options:
Financial Planning
Budget
Financial Management
Management
Correct Answer:
Financial Management
Explanation:
Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise.