Question

Main function(s) of financial management is/are

• A. Financial planning
• B. Procurement of funds
• C. Allocation of net profit
• D. All of these

Hint:

An efficient financial management system incorporates planning, procurement, and allocation to maximize organizational success.

Answer 1

The Correct Option is D

Step 1: Understand the functions of financial management.
Financial management involves planning, securing funds, and allocating the profits. These functions ensure the organization’s financial health and growth.
Step 2: Evaluate the options.
- Financial planning helps in setting objectives and strategies. - Procurement of funds ensures that the organization has enough capital to operate. - Allocation of net profit is essential to ensure profits are used effectively, such as for reinvestment or dividends.
Step 3: Conclude.
All these functions are key aspects of financial management.
Final Answer: \[ \boxed{\text{All of these}} \]