Financial management is the art and science of managing a firm's money so the firm can meet its goals.

Question

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Financial management involves making strategic decisions about how to allocate and use a firm's financial resources to achieve its objectives. This includes managing cash flow, budgeting, forecasting, investing, and analyzing financial performance. The ultimate goal is to maximize shareholder value and ensure the long-term financial health of the organization.

Financial Management Is the Art and Science of Managing a Firm's