CHAPTER 9
FINANCIAL MANAGEMENT
CHAPTER AT A GLANCE
Introduction
Financial management is a crucial discipline that revolves around the effective utilization and control of financial resources within an organization. It involves planning, organizing, directing, and controlling financial activities, aligning them with overarching business goals. Key functions include budgeting, investment decisions, risk management, and ethical considerations. By balancing risk and return, financial management maximizes shareholder value and fosters long-term success. Its dynamic nature demands adaptability to changing economic landscapes, technological advancements, and regulatory environments. In essence, financial management is the art of navigating financial ...
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