Sound financial management involves determining the most appropriate sources of funds to meet the short-term and long-term needs of an organization.

Question

Quizplus · Accepted Answer

Sound financial management involves analyzing the financial situation of an organization and determining the most appropriate sources of funds to meet its short-term and long-term needs. This includes managing cash flows, evaluating investment opportunities, and considering the cost of capital.

Sound Financial Management Involves Determining the Most Appropriate Sources of Funds