The strategic planning and budgeting of short- and long-term funds for current and future needs is called ________ management.

Question

Quizplus · Accepted Answer

Financial management involves planning and budgeting of short- and long-term funds for current and future needs. Product, strategic, and needs management are more specific areas of management that may fall under the umbrella of financial management. Accounting is a related field, but focuses more on the recording and reporting of financial data rather than the strategic management of financial resources.

The Strategic Planning and Budgeting of Short- and Long-Term Funds