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(Answer to all the following questions collectively shall be 150 to 200 words) Requirement: a. Narrate on the relevance of financial management for a business

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(Answer to all the following questions collectively shall be 150 to 200 words) Requirement: a. Narrate on the relevance of financial management for a business organization with emphasis on the objectives, overriding objective, time value, decisions to be made by the financial manager With adequate reasoning and justification. (6 Marks) b. Compare and contrast Ownership security and Creditorship security with suitable examples. The Board asked you to explain the statement that states' A Rail earned today is better than a Rail earned tomorrow' with the relation to the time value of money. (4 Marks)

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