Financial management is the job of acquiring funds for a firm and mana

QUESTION

Financial management is the job of acquiring funds for a firm and managing them to accomplish the firm’s objectives.

Indicate whether the statement is true or false.

ANSWER

Answer: TRUE
Explanation: Financial management is the job of acquiring funds for a firm and managing them to accomplish the firm’s objectives. An important aspect is the risk-return trade-off, balancing the firm’s risk with expected returns from its investments.