Certified Professional Contract Manager (CPCM) 2026 – 400 Free Practice Questions to Pass the Exam

The term that refers to the management of economic resources is financial management. This discipline specifically focuses on the planning, organizing, directing, and controlling of financial activities such as procurement and utilization of funds. Financial management encompasses how a business or organization manages its monetary resources, including investments, budgeting, forecasting, and overall financial strategy.

In contrast, operations management primarily deals with overseeing production and service delivery processes, ensuring they run efficiently and effectively. Resource allocation focuses more on the distribution of available resources among various projects or departments within an organization but does not encompass the broader financial considerations. Supply chain management is involved with the end-to-end flow of goods, services, and information, coordinating between suppliers, manufacturers, and consumers, but does not exclusively address financial aspects.

Thus, financial management is the most accurate term when referring specifically to the management of economic resources.