discuss the role of finance in business
Answers
Correct answer
FINANCE is the function in a business responsible for acquiring funds for the firm, managing funds within the firm, and planning for the expenditure of funds on various assets. ... FINANCIAL MANAGEMENT is the job of managing a firm's resources so it can meet its goals and objectives.
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Explanation:
Following are the main functions of a Financial Manager:
Raising of Funds In order to meet the obligation of the business it is important to have enough cash and liquidity. A...
Allocation of Funds Once the funds are raised through different channels the next important function is to allocate the...
The size of the firm and its growth capability
Status of assets whether they are long-term or short-term
Mode by which the funds are raised
Profit Planning Profit earning is one of the prime functions of any business...