is now a multidisciplinary functional area in a company, along with finance and marketing.
Answers
Explanation:
Just as different functions in the human body are performed and regulated by different organs, different functions within a business are performed and controlled by different parts of the business. One of the reasons for separating business operations into functional areas is to allow each to operate within its area of expertise, thus building efficiency and effectiveness across the business as a whole. The key functional areas of a business are the following:
- Management
- Operations
- Marketing
- Accounting
- Finance
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Answer:
Functional areas of the business are also known as business units.
Explanation:
There are some major functional areas following :
-Determining Financial Needs,
-Selecting the Sources of Funds,
-Financial Analysis and Interpretation,
-Cost-Volume-Profit Analysis,
-Capital Budgeting,
-Working Capital Management,
-Profit Planning and Control,
-Dividend Policy.
Finance managers plan for both short- and long-term financial capital needs and analyze the impact that borrowing will have on the financial well-being of the business.
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