Scope and Importance of Financial Management

It is the strategic planning, organizing, directing, and controlling of financial undertakings in an organization 

• Financial Analysis

• Financial Reporting

• Financial Management

• Financial Accounting

An agency relationship is a relationship between an agent and a principal, where an agent gives the principal legal permission to act on the agent's behalf.

• TRUE

• FALSE

A financial manager's responsibility that uses past financial data and current market trends to make educated assumptions for future periods.

• Controlling

• Planning

• Forecasting

• Estimating

Financial Managers are often task to trade the equity securities of the firm in the financial market. What particular activity is this?

• Forecasting & Planning

• Making Crucial Investment & Financing Decisions

• Coordinating & Controlling

• Trading in Financial Markets

Finance functions are

• Planning for funds

• Raising of funds

• Allocation of funds

• All of the above

This considered as the oldest, most common, and simplest form of business organization.

• Sole Ownership

• Partnership

• Sole Proprietorship

• Corporation

Higher risk is associated with greater probability of higher return and lower risk with a greater probability of smaller return.

• Risk Analysis

• Risk Assessment

• Risk Management

• Risk-return trade-off

Which financial decision help a businessman in opening a new branch of its business. 

• Financing decision
• Dividend decision
• Investment decision
• None of the above

It is the process of measuring and analyzing the risk associated with financial and investment decisions.

• Risk Analysis

• Risk Assessment

• Risk Management

• Risk-return trade-off

The Board of Directors refers to a corporate body comprising a group of elected people who represent the interest of a company's stockholders.

• TRUE

• FALSE