General Studies · Financial Administration
What is the primary significance of financial administration in an organization?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To centralize decision making and reduce transparency
- 2To ensure efficient management of financial resources and promote accountability✓
- 3To focus solely on profit generation and disregard financial control
- 4To increase bureaucratic processes and paperwork
Correct answer
To ensure efficient management of financial resources and promote accountability
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