Question

limitations of financial management.​

Answer 1

Uncertainty About the Future.

Uncertainty About the Future.Rigidity.

Uncertainty About the Future.Rigidity.Inaccuracy in the Data on Which Decisions Are Based.

Uncertainty About the Future.Rigidity.Inaccuracy in the Data on Which Decisions Are Based.Standardization and Determination of Criteria.

Uncertainty About the Future.Rigidity.Inaccuracy in the Data on Which Decisions Are Based.Standardization and Determination of Criteria.More Emphasis Are Placed on Fund Raising.

Uncertainty About the Future.Rigidity.Inaccuracy in the Data on Which Decisions Are Based.Standardization and Determination of Criteria.More Emphasis Are Placed on Fund Raising.Rapid Shifts in the Environment and in Public Policy.

1. Uncertainty About the Future.Rigidity.Inaccuracy in the Data on Which Decisions Are Based.Standardization and Determination of Criteria.More Emphasis Are Placed on Fund Raising.Rapid Shifts in the Environment and in Public Policy.Unavailability of Required Information.

Answer 2

Answer:

Financial management refers to the application of management concepts to the administration of an organization’s financial resources. A simple definition of financial operations management is the process of arranging, managing and coordinating financial operations in order to efficiently manage the finances of a company. Concept is not so simple, there are lot of disadvantages and limitations of financial management in it.

Changing from unit-dose to multiple-dose medication delivery, and eliminating all clinical and educational activities, for example, might allow a hospital pharmacy to reduce its expenditures while maintaining its profits. If the pharmacy’s actions were purely focused on financial considerations, a financial analysis may reveal that this course of action is the most financially advantageous. On the other hand, given the limited financial resources available to a pharmacy, a financial analysis would be beneficial in making the decision about which specific clinical and educational services to offer.

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