State with reasons, whether the following statements are True or False

1.	State with reasons, whether the following statements are True or False:Financial management has become subject of considerable importance in developed countries.
Answer» This statement is FALSE. [Financial management is a matter of great concern in developing countries] Reasons: Financial management refers to management of funds and is mainly concerned with raising of finance and its effective utilization. Financial management is a subject of considerable importance in developing countries like India. In such countries, the existence of business entity depends upon the savings of the people which are meager in general. These scarce savings should be utilized to the maximum efficiency through well‐managed financial activities. Routine and executive functions of financial management help a finance manager to make optimum use of financial resources. Thus, financial management is a matter of great concern in developing countries

State with reasons, whether the following statements are True or False:Financial management has become subject of considerable importance in developed countries.

Answer»

This statement is FALSE. [Financial management is a matter of great concern in developing countries]

Reasons:

Financial management refers to management of funds and is mainly concerned with raising of finance and its effective utilization.
Financial management is a subject of considerable importance in developing countries like India.
In such countries, the existence of business entity depends upon the savings of the people which are meager in general.
These scarce savings should be utilized to the maximum efficiency through well‐managed financial activities.
Routine and executive functions of financial management help a finance manager to make optimum use of financial resources.

Thus, financial management is a matter of great concern in developing countries

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State with reasons, whether the following statements are True or False:Financial management has become subject of considerable importance in developed countries.

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