Question
Which of the following statement is not true:
1.At the international level, the function of treasury management is concerned with management of funds in the foreign currencies. 2.Internal treasury control is a process of self-improvement which is concerned with all flows of funds, cash and credit and all financial aspects of operations. 3.Treasury management is the science of managing treasury operations of a firm. Treasury in its literal sense refers to treasure or valuables. 4.Treasury functions are only relevant for large multinational corporations and have little significance for small businesses. 5.Environment for treasury operations is broadly be classified as Legal, Regulatory and Operational.Solution
While it may be true that large multinational corporations may have more complex treasury management needs and greater resources to devote to treasury functions, small businesses can also benefit from effective treasury management. Effective treasury management can help small businesses optimize their financial performance, reduce risks, and achieve their financial goals.
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