0
What else can I help you with?
Concept and function of business finance?
Allocation of financial Resources . Procurement of found . Efficient and Effective utilization of financial resources
3 major function of business finance?
Allocation of financial ResourcesProcurement of foundEfficient and Effective utilization of financial resources
What is a Physical Resource?
The physical resources include tangible items that are necessary and available for a business to function. These are items that take space, have a value, and are used in the operation of the company. Physical resources are necessary for all types of business.
How Internal audit is different from Risk based internal audit?
A risk base internal audit is latest approach to ensure best practices aiming at maximizing the impact of audit by focusing on the major strategy ,regulatory, financial and operation risk that confront an organization while internal audit is traditional independent examination of financial and operation of an organization to ensure economic,effective and efficiency utilization of an organizations resources
What is the meaning of financial resources?
what is financial resources
Can you explain the efficient and effective utilization of financial resources?
Efficient utilization of financial resources involves maximizing outputs while minimizing costs, ensuring that every dollar spent generates the highest possible return. Effective utilization, on the other hand, focuses on aligning financial resources with strategic goals and objectives, ensuring that investments support long-term growth and sustainability. Together, these approaches enable organizations to optimize their budgets and achieve their desired outcomes while maintaining financial health. Balancing both efficiency and effectiveness is crucial for sound financial management.
Why financial resources are important?
Financial resources are crucial because they enable individuals and organizations to pursue opportunities, invest in growth, and manage risks effectively. They provide the necessary capital for operations, innovation, and expansion, facilitating sustainability and competitiveness. Additionally, access to financial resources allows for better planning and decision-making, ensuring that goals can be achieved efficiently. Ultimately, strong financial resources contribute to stability and resilience in an ever-changing economic landscape.
What are the organizational resources?
Organizational resources are the assets, knowledge, people, and systems that an organization uses to achieve its goals. These resources can include financial resources, physical assets, human resources, technology, information, and organizational culture. Effective management of these resources is essential for an organization's success.
Why is management necessary?
Management is necessary to coordinate and organize resources to achieve specific goals. It helps to provide direction, make decisions, allocate resources, and solve problems within an organization. Effective management ensures that tasks are completed efficiently and helps to drive the success of the organization.
Humans are always on the move but in general they tend to settle by?
Near necessary resources.
A date when a unit must arrive at its destination and complete off-loading to properly support the concept of operation is the?
A date when a unit must arrive at its destination and complete off-loading to properly support the concept of operation is known as the "Required Arrival Date" (RAD). This date is critical for ensuring that all logistical and operational planning aligns with the mission objectives and timelines. Meeting the RAD allows for the effective execution of the operation and ensures that necessary resources are in place when needed.
Can you explain the allocation of financial resources?
Financial resources are loans, mortgages etc. Which are provided on returning capacity.
