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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

For a business firm, what type of activities does financial management involve?

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.

Explanation

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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