In probability and statistics, mean and expected value are used synonymously to refer to one measure of the central tendency either of a probability distribution or of the random variable characterized by that distribution.or a data set, the terms arithmetic mean, mathematical expectation, and sometimes average are used synonymously to refer to a central value of a discrete set of numbers: specifically, the sum of the values divided by the number of values.
Best Answer: FC, means Football Club. You will also see some rugby teams with RFC at the end of their name, this mean Rugby Foootball Club, they have the football club because Rugby was invented while People where playing football :].
Meaning of Financial Management. Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise.It means applying general management principles to financial resources of the enterprise. Management of cash: Finance manager has to make decisions with regards to cash management. 2  Cash is required for many purposes like payment of wages and salaries, payment of electricity and water bills, payment to creditors, meeting current liabilities, maintainance of enough stock, purchase of raw materials, etc.