Financial Management:

A$.$ involves tasks such as budgeting, financial forecasting, cash management and funds procurement

B$.$ involves the design and delivery of advice and financial products

C$.$ recognizes funds on an accrual basis

D$.$ devotes most of its attention to the collection and presentation of financial data

The conflict between the goals of a firm's owners and the goals of its non$-$owner manager is:

A$.$ the agency problem

B$.$ incompatibility

C$.$ serious only when profits decline

D$.$ of little importance in large Jamaican firms

Which of the following is the major function of a financial market?

A$.$ It determines the level of interest rates

B$.$ It allows common stock to be traded

C$.$ It allows loans to be made

D$.$ It channels funds from lenders$-$savers to borrowers$-$spenders