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1. It involves planning, organizing, directing, and controlling the financial activities such as procurement and utilization of funds of the business. 2. A formal arrangement between two or more people to manage business operations and share its profits and liabilities. 3. It is the process of estimating revenue and expenses over a specified period of time. 4. This refers to how much of the total assets is financed by debt and how much is financed by equity. 5. Function of financial management that determines how to finance working capital accounts such as accounts receivable and inventories.

1. It involves planning, organizing, directing, and controlling the financial activities such as procurement and utilization of funds of the business. 2. A formal arrangement between two or more people to manage business operations and share its profits and liabilities. 3. It is the process of estimating revenue and expenses over a specified period of time. 4. This refers to how much of the total assets is financed by debt and how much is financed by equity. 5. Function of financial management that determines how to finance working capital accounts such as accounts receivable and inventories.

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter17: Financial Markets
Section: Chapter Questions
Problem 1SCQ: Answer these three questions about early-stage corporate finance: Why do very small companies tend...
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1. It involves planning, organizing, directing, and controlling the financial activities such as procurement and utilization of funds of the business. 2. A formal arrangement between two or more people to manage business operations and share its profits and liabilities. 3. It is the process of estimating revenue and expenses over a specified period of time. 4. This refers to how much of the total assets is financed by debt and how much is financed by equity. 5. Function of financial management that determines how to finance working capital accounts such as accounts receivable and inventories.
Transcribed Image Text:1. It involves planning, organizing, directing, and controlling the financial activities such as procurement and utilization of funds of the business. 2. A formal arrangement between two or more people to manage business operations and share its profits and liabilities. 3. It is the process of estimating revenue and expenses over a specified period of time. 4. This refers to how much of the total assets is financed by debt and how much is financed by equity. 5. Function of financial management that determines how to finance working capital accounts such as accounts receivable and inventories.
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