Given below are two statements:
Statement I: Financial management helps the organization to survive and sustain itself by preventing misuse and wastage of funds.
Statement II: Physical education and sports programs can never be effective if there is no sound financial management.
In light of the above statements, choose the correct answer from the options given below:
1
Both Statement I and Statement II are true.
2
Both Statement I and Statement II are false.
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true.
5
Not Attempted