Question

What is business finance and its significance or organization?

Answer 1

Business finance refers to money and credit employed in business. It involves procurement and utilization of funds so that business firms may be able to carry out their operations effectively and efficiently. (ii) Business finance is needed in all types of organisations large or small, manufacturing or trading.

Answer 2

Explanation:

Definition of Finance Functions.

The Finance Function is a part of financial management. Financial Management is the activity concerned with control and planning of financial resources.

In a business, the finance function involves the acquiring and utilization of funds necessary for efficient operations.