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Business Finance Healthcare Finance: An Introduction to Accounting and Financial Management

The meaning of business from a financial perspective Introduction: Business refers to the economic system or an organization that involves in the purchase and sale of goods and services in exchange of money. In other words, a business can be defined as an enterprising entity or an organization that are engaged in professional, industrial and commercial activities. The business can be thought of as a separate legal entity from the financial perspective. The business can be thought of as a separate legal entity from the financial perspective. This entity is required to ascertain the necessary capital or funding to start its operation. Funds are required to acquire equipment, building and raw material for production of goods or services. The purchase of the building and equipment will be considered as an asset of the business which will be utilized for generating revenue or profit. The business is required to earn enough money to contribute towards the growth and expansion plans after paying off its liabilities such as expense towards material, wages, employees and rent.

The meaning of business from a financial perspective Introduction: Business refers to the economic system or an organization that involves in the purchase and sale of goods and services in exchange of money. In other words, a business can be defined as an enterprising entity or an organization that are engaged in professional, industrial and commercial activities. The business can be thought of as a separate legal entity from the financial perspective. The business can be thought of as a separate legal entity from the financial perspective. This entity is required to ascertain the necessary capital or funding to start its operation. Funds are required to acquire equipment, building and raw material for production of goods or services. The purchase of the building and equipment will be considered as an asset of the business which will be utilized for generating revenue or profit. The business is required to earn enough money to contribute towards the growth and expansion plans after paying off its liabilities such as expense towards material, wages, employees and rent.

Solution Summary: The author defines business as an economic system or organization that involves in the purchase and sale of goods and services in exchange of money.

Healthcare Finance: An Introduction to Accounting and Financial Management

Healthcare Finance: An Introduction to Accounting and Financial Management

6th Edition

ISBN: 9781567937411

Author: Louis C. Gapenski, Kristin L. Reiter

Publisher: Health Administration Press

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Healthcare Finance: An Introduction to Accounting and Financial Management

Ch. 1.1 - Prob. 1.1STQ Ch. 1.1 - Prob. 1.2STQ Ch. 1.1 - Prob. 1.3STQ Ch. 1.1 - Prob. 1.4STQ Ch. 1 - Prob. 1.1STQ Ch. 1 - Prob. 1.2STQ Ch. 1 - Prob. 1.3STQ Ch. 1 - Prob. 1.4STQ Ch. 1 - Prob. 2.1STQ Ch. 1 - Prob. 2.2STQ

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