EBK CFIN
EBK CFIN
5th Edition
ISBN: 9781305888036
Author: BESLEY
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 1, Problem 1PROB
Summary Introduction

To determine: the definition of Finance and types of financial decisions made by people in Finance

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Explanation of Solution

Finance represents a wide-ranging space where decisions pertinent to available resources such as money, assets and investments can be made. It is generally defined as the art of resources (eg. Money) management involving creation, acquisition, exchange or utilization of resources.

People in Finance (individuals, businesses or governments) generally make decisions related to acquisition or utilization of money or other resources.

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