Foundations of Business - Standalone book (MindTap Course List)
Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN: 9781285193946
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Chapter 16, Problem 1CC
Summary Introduction

To determine: The type of activities does financial management involve for a business firm.

Introduction: Financial Management implies arranging, managing, coordinating and controlling the money related activities, for example, acquisition and use of resources of the venture. It implies applying general administration standards to money related resources of the venture.

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Explanation of Solution

The type of activities does financial management involve for a business firm are as follows:

Financial management comprises of the considerable number of activities worried about acquiring cash and utilizing it successfully. This incorporates activities, for example, confirming that the original investment by the proprietors is satisfactory, guaranteeing that sales incomes are adequate to pay the organization's costs, guaranteeing short-term financing is accessible when required, and accommodating long term financing for development.

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