Question

Financial management is a part of business management. true or false

Answer 1

here is u r answer

it's help u

financial management is a part of business management .it is a true because the function are different but work are same.

true statement..
it's ok

Answer 2

Answer:

This statement is True.

Explanation:

1) The business organisation irrespective of its type and nature needs finance for its formation, for carrying out day to day activities, for development and expansion, etc.

2) Financial management is essential for all types of business organisation as it deals with procurement of funds and their efficient and effective utilization in the business.

3) Financial management deals with planning, organizing. directive and controlling financial activities of business organisations.

4) Generally all business activities are supported by the savings which comes from the society. Many a times these savings are not adequate to meet the financial requirement of the business. It is therefore necessary that available scarce fund must be utilized systematically and more efficiently.

5) Financial management plays a very important role in making the best use of financial resources.