STFM prelim Questions with Correct Answers
process of planning, organizing, directing, and controlling the financial activities of an
organization
Financial Management
involves the application of general management principles to the financial resources of the
enterprise
Financial management
matters because it keeps a company solvent
Financial management
Its most basic goal is to ensure that the business doesn't go bankrupt
Financial management
addresses the most critical issues that a business can face, such as loss of revenue (as
happened during the COVID-19 pandemic), natural disasters, strikes, wars, and so on.
Financial management
Financial management addresses the most critical issues that a business can face, such as
loss of revenue
natural disasters
strikes
wars
one of the main goals of financial management
, Maximizing profit
making decisions and using resources in ways that increase a company's net income
Maximizing profit
income after all costs and expenses
Net income
monitoring how much cash is available
Tracking liquidity & cash flow
Financial managers must ensure the business follows local laws, tax rules, and accounting
standards
Ensuring compliance
This helps avoid penalties, legal trouble, or closure.
Ensuring compliance
Financial managers must ensure the business follows
local laws
tax rules
accounting standards
planning ahead by analyzing various possible financial situations
Developing financial scenarios
Finance managers must build and maintain good relationships with stakeholders
process of planning, organizing, directing, and controlling the financial activities of an
organization
Financial Management
involves the application of general management principles to the financial resources of the
enterprise
Financial management
matters because it keeps a company solvent
Financial management
Its most basic goal is to ensure that the business doesn't go bankrupt
Financial management
addresses the most critical issues that a business can face, such as loss of revenue (as
happened during the COVID-19 pandemic), natural disasters, strikes, wars, and so on.
Financial management
Financial management addresses the most critical issues that a business can face, such as
loss of revenue
natural disasters
strikes
wars
one of the main goals of financial management
, Maximizing profit
making decisions and using resources in ways that increase a company's net income
Maximizing profit
income after all costs and expenses
Net income
monitoring how much cash is available
Tracking liquidity & cash flow
Financial managers must ensure the business follows local laws, tax rules, and accounting
standards
Ensuring compliance
This helps avoid penalties, legal trouble, or closure.
Ensuring compliance
Financial managers must ensure the business follows
local laws
tax rules
accounting standards
planning ahead by analyzing various possible financial situations
Developing financial scenarios
Finance managers must build and maintain good relationships with stakeholders
