Answer: Meaning & Definition of financial planning. Meaning: The term ‘financial planning’ refers to assessment of financial requirements and arranging the sources of capital. It is required not only to increase profit but also for survival of the […]
Tag: class 12th std question and answer
What are the objectives of financial management?
Answer: Objectives of Financial Management? According to Kuchal S. C., “Financial Management deals with procurement of funds and their effective utilization in business”. The basic objectives of financial management are stated as follows: I. Profit Maximization, II. Wealth Maximization […]
What is Financial Management? State its role in the organization.
Answer: Meaning of Financial Management & Role in the Organisation. Meaning – Being a specialized function of general management, financial management is mainly concerned with raising of finance and its optimum and effective utilization for achievement of goals of the organization. It […]