One of the challenges of effective financial management is Multiple Choice ensuring the satisfaction of each of the stakeholder groups. providing the financial data in a timely manner for management consultants to improve decision making. to have sufficient cash on hand without compromising the firm's investment potential. working within the strict regulations of the Financial Accounting Standards Board (FASB).A loan backed by collateral represents a(n) Multiple Choice debenture bond. secured loan. pledging factor. bond trust