Direction: The following items consist of two statements, Statement I and Statement II. You are to examine these two statements carefully and select the answer to these items using the codes given below. Statement I Traditional approach restricted the scope of financial management to arrange funds. Statement II Efficient management of every business is closely linked with efficient management of its finances. Codes

• A. Both statements are correct
• B. Both statements are incorrect
• C. Statement I is correct, but Statement II is incorrect
• D. Statement I is incorrect, but Statement II is correct