Question: Question 6 What does thas term financial management in simple terms mean? Evaluating the impact of strategies on the financial position, financial resources and risk,
Question
What does thas term "financial management" in simple terms mean?
Evaluating the impact of strategies on the financial position, financial resources and risk, and
responding with sound investment, financing and operating decisiols.
Being able to interpret the financial statements and recommend areas of investment.
Periodically measuring and evaluating achievement of the performance targets as contained in the
strategic plan
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