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Business Arithmetic — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipBusiness Arithmetic3 Marks
Question
What do you mean by financial management?
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Answer

Financial management is the part of management which deals with planning, organizing and controlling financial activities of an entrepreneur or the activity undertaken by the entrepreneur.
  1. For acquiring and maintaining fund.
  2. For fulfilling the financial requirements of the objectives of the enterprise.
  3. And for attaining the goals and objectives of the enterprise.

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