Respuesta :
Financial management encompasses all activities that include obtaining and effectively using financial resources.
What does the term "financial management" mean?
Simply expressed, financial management is the field of industry that is concerned with distributing the cash resources that are already available in order to maximize firm profit margin and return on invested (ROI).Financial management professionals plan, coordinate, and manage all corporate transactions.
What acts as the main goal of financial management?
The main objective of financial management is to keep an agency's finances under control in a way that guarantees both corporate success and legal compliance. The method calls for extensive planning and successful execution. When done correctly, businesses grow their revenues and profits.
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