Q8) what do you understand by Financial management? Explain scope of financial management in your aspect if you are staring a new setup? What is wealth maximization vs. profit maximization? Which is...

Extracted text: Q8) what do you understand by Financial management? Explain scope of financial management in your aspect if you are staring a new setup? What is wealth maximization vs. profit maximization? Which is more effective for you? Part II) what is working capital? Why do you think it is important in an organization? What is cash how is it managed suggest your idea about how to manage it? What is financial statement and what it reflects and why is it important? W 14 f6 fg fg 10 $ % & 18