Question

Which of the following is not an element of financial management?
A. Allocation of resources
B. Financial Planning
C. Financial Decision-making
D. Corporate Social Responsibility

Answer 1

Answer:

D. Corporate Social Responsibility

Step-by-step explanation:

Answer 2

D. Corporate Social Responsibility is not an element of financial management

Step-by-step explanation:

• Allocation of resources:An allocation, which is a word borrowed from economics, refers to the distribution of available resources among various uses. Resources are always earmarked for a specific purpose and hence exclusive; a resource set aside for a given project cannot be used for another project at the same time.
• Financial Planning:Financial planning is a step-by-step process for achieving one's life objectives. A financial plan serves as a road map as you travel through life. It essentially aids you in maintaining control over your income, expenses, and investments so that you may manage your finances and reach your objectives.
• Financial Decision-making: Financial decisions  choosing between stock or loan funds and related charges;  investment decisions – deciding whether to purchase long-term assets; and operating decisions – deciding whether to reinvest revenues back into the business or distribute profits.
• Corporate Social Responsibility:Corporate social responsibility (CSR) is a management concept in which businesses incorporate social and environmental issues into their operations and interactions with stakeholders.