In the context of financial controls, asset management refers to the ability to _____.
A) use resources efficiently and operate at minimum cost
B) earn more in returns than the cost of debt
C) earn revenues greater than costs
D) meet short-term obligations
E) generate cash to pay bills

Question

Quizplus · Accepted Answer

Asset management in financial controls refers to the ability to use resources efficiently and operate at minimum cost. This involves effectively managing and utilizing assets such as equipment, inventory, and property to generate maximum returns and minimize expenses. It is essential for maintaining financial stability and sustaining long-term growth.

In the Context of Financial Controls, Asset Management Refers to the Ability