(c) Career advancement opportunity (d) Job enrichment (e) Employee recognition programme (f) Employee participation (g) Employee empowerment. 18 Q. Explain the meaning and the objective of Financial Management. Ans. Financial Management is concerned with management of flow of funds and involves decisions relating to procurement of funds, investment of funds and distribution of earnings. OR Financial Management may be defined as planning, organising, directing and controlling the financial activities of an organisation. Objective of Financial Management: The objective of financial management is to maximize shareholders wealth i.e. to maximize the market price of equity shares of the company This is because a funds belong to the shareholders and the manner in company’s which these are invested and the return earned on them determines the market value or price of shares. 19 Q. State any four advantages of formal organisation. Ans. Advantages of formal organisation (Any four): 1. It is easier to fix responsibility. 2. It avoids duplication of efforts. 3. It maintains unity of command 4. It leads to effective accomplishment of goals. = 4 marks 5. It provides stability to the organisation. 20 Q. Explain the following rights of the consumers:
(c) Career advancement opportunity (d) Job enrichment (e) Employee recognition programme (f) Employee participation (g) Employee empowerment. 18 Q. Explain the meaning and the objective of Financial Management. Ans. Financial Management is concerned with management of flow of funds and involves decisions relating to procurement of funds, investment of funds and distribution of earnings. OR Financial Management may be defined as planning, organising, directing and controlling the financial activities of an organisation. Objective of Financial Management: The objective of financial management is to maximize shareholders wealth i.e. to maximize the market price of equity shares of the company This is because a company’s funds belong to the shareholders and the manner in which these are invested and the return earned on them determines the market value or price of shares. 19 Q. State any four advantages of formal organisation. Ans. Advantages of formal organisation (Any four): 1. It is easier to fix responsibility. 2. It avoids duplication of efforts. 3. It maintains unity of command 4. It leads to effective accomplishment of goals. = 4 marks 5. It provides stability to the organisation. 20 Q. Explain the following rights of the consumers:
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