Strategic Role of Financial Management

What is the primary focus of the strategic role of financial management?

• Budgeting

• Investment decisions

• Profit maximization

• Risk management

In the context of financial management, the strategic role involves _________.

• Short-term planning

• Long-term growth

• Daily operations

• Employee management

What trend is observed in the sales of Sportyz Goodz Ltd from 2012 to 2017?

• Increasing steadily

• Decreasing steadily

• Fluctuating

• Constant

Which of the following is a strategic role of financial management?

• Budgeting

• Marketing

• Human Resources

• Customer Service

The strategic role of financial management includes ________.

• Increasing sales

• Managing financial risks

• Hiring employees

• Designing products.

Which of the following is NOT one of the five key financial objectives mentioned in financial management?

• Profitability

• Growth

• Liquidity

• Marketing

Which of the following is an objective of financial management that focuses on maximizing revenue and reducing costs to maximize profits for shareholders?

• Liquidity

• Profitability

• Solvency

• Growth

Fill in the blank: An objective of financial management is to achieve a positive cash flow position so the business can pay short term debts when due. This is known as ______.

• Efficiency

• Solvency

• Liquidity

• Growth

Which of the following is a short-term financial goal?

• A) Growth

• B) Profitability

• C) Liquidity

• D) Efficiency

In financial strategy, taking out a loan may increase debt but can be beneficial if used for ______ and expansion.

• Liquidity

• Solvency

• Growth

• Efficiency