To determine: The type of activities does
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 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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Foundations of Business (Looseleaf)
- Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning