Effective financial management involves careful planning to determine the best financial sources and to ensure that projected uses are in keeping with the organization's goals.

Question

Quizplus · Accepted Answer

Effective financial management involves not only monitoring and controlling financial resources but also identifying future financial needs and sources. This requires careful planning to ensure that the organization's goals are taken into account and that financial resources are used in the most effective way possible.

Effective Financial Management Involves Careful Planning to Determine the Best