Financial management deals with the maintenance and creation of economic value or wealth.

Question

Quizplus · Accepted Answer

Financial management involves managing financial resources in a way that creates economic value and generates wealth for the organization. This includes activities such as financial planning, budgeting, investment management, and risk management, all of which aim to maximize the value of the organization's financial resources. Therefore, financial management is directly concerned with the creation and maintenance of economic value or wealth.

Financial Management Deals with the Maintenance and Creation of Economic