Financial management involves all of the following activities, except:
a. investing excess cash into certificates of deposit, government securities, or conservative, marketable securities.
b. knowing detailed information about a firm's products and services and those offered by competitors.
c. making sure that financing priorities are established in line with organizational goals and objectives.
d. ensuring that funds are available for paying the firm's taxes when needed to meet tax deadlines.
e. ensuring that funds are available when needed and that they are obtained at the lowest possible cost.
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b. knowing detailed information about a firm's products and services and those offered by competitors.
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The part of an insurance contract that can be written on a named-perils or all-risk basis is the:
(a) insuring agreement (b) conditions (c) exclusions (d) declarations
A firm's cash flow from investing activities includes:
A. Cash received from the sale of a plant asset B. Cash received from the rendering of services to customers C. Cash paid as dividends D. Cash paid to retire bonds payable