Question

Financial management is

• A. Art
• B. Science
• C. Both art and science
• D. None of these

Hint:

Financial management requires both analytical skills (science) and strategic decision-making (art) to be effective.

Answer 1

The Correct Option is C

Step 1: Understand the nature of financial management.
Financial management is considered both an art and a science. It requires scientific principles for analysis and decision-making, but also involves creativity and judgment in implementation.
Step 2: Evaluate the options.
- Financial management uses scientific techniques for analysis but also requires creativity and human judgment to make informed decisions. - It combines structured data analysis (science) and subjective decision-making (art).
Step 3: Conclude.
Financial management is a combination of both art and science.
Final Answer: \[ \boxed{\text{Both art and science}} \]