"financial management is nothing but managerial decision making in asset mix , capital mix, and profit allocation . "comment
Answers
Financial management is nothing but managerial decisions making in assets mix, capital mix, and profit allocation. Yes, the above statement is true.
EXPLANATION -
Financial management is a procedure that deals with the acquisition of funds, the sources of acquisition of resources as well as its distribution among the organization.
Assets mix is a ration or the portions of different kinds of assets owned, used and managed by the firm for the accounting year and its impact on the firm.
The capital mix is the investment and source of investment made in the organization through the different channels of the finance market.
Profits allocation is generated and the important source of money a firm produces and saved after the one full cycle of the accounting year.
Conclusion-
All these factors help to boost finance decision making for the firm and help to prioritize the needs of fund allocation for the firm in current for its utmost best results in the firm.
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