Which of the following are not used for financial management ?
(a) Variable cost (b) Trial balance
(c) Performance Appraisal
(d) Fixed cost
(e) Break even analysis (f) SWOT
UGC NET - 2012,
Answer: B
Financial management uses variable and fixed costs, the trial balance and break-even analysis, since these are accounting and cost tools. Performance appraisal is a tool of personnel management, which reviews how well staff are doing, and SWOT is a tool of strategic planning that lists strengths, weaknesses, opportunities and threats. So the two that are not used for financial management are (c) and (f).
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