Final answer:
True, financial management involves handling a firm's finances to achieve its objectives, which includes raising capital for long-term investments.
Step-by-step explanation:
True: Financial management is indeed the art and science of managing a firm's money so the firm can meet its goals. Firms are regularly faced with decisions involving expenditure in the present such as the purchase of machinery, construction of new plants, or initiating research and development projects, with an expectation of future profits. To finance these projects, firms can resort to four main methods to raise the necessary financial capital.