define financial management.state briefly its objectives and importance.
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Answer:
Financial management is the operational activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations.”
Explanation:
The objectives of financial management is explained below:-
Maintaining enough supply of funds for the organisation;
Ensuring shareholders of the organisation to get good returns on their investment;
Optimum and efficient utilization of funds;
Creating real and safe investment opportunities to invest in.
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