Question

The process of developing and using systems to ensure that funds are spent for the purpose for which they have been appropriated is referred to as _________.

A. Technical Resource Management
B. Financial Management
C. Human Resource Management
D. Accounting Management

Answer 1

Answer: Financial Management.

Explanation: Financial management can be explained as the measures put in place by an organization to properly assign funds accordingly to areas where it is needed.

Financial Management makes use of financial information monitoring applications to track the cash flow to various areas of need in the organization.

The accounting department of the organization are in charge of finance management supervision.