Good _____ management is particularly important when a company is first formed because new businesses usually need to borrow start-up money.
A) accounting
B) financial
C) operations
D) marketing

Question

Quizplus · Accepted Answer

Financial management involves managing an organization's financial resources, including keeping track of its financial transactions, creating and following a budget, forecasting future revenue and expenses, and managing debts and investments. This is particularly important for new businesses, which often need to secure funding from investors or lenders to get started. Effective financial management can help a new business demonstrate its ability to use funds wisely and maximize its potential for long-term success.

Good _____ Management Is Particularly Important When a Company Is