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Concept and function of business finance?
Allocation of financial Resources . Procurement of found . Efficient and Effective utilization of financial resources
3 major function of business finance?
Allocation of financial ResourcesProcurement of foundEfficient and Effective utilization of financial resources
Why is goal setting such an important part of the financial planning process?
The goal setting is an important part of the financial planning process because it will minimize the wastage and misuse of financial resources.
How Importance of financial institutions and markets?
financial institution and financial markets are playing important roles in business inviornent
What is the difference between business management and finance management?
Financial management is the management of monetary resources in an organization. Business management is the management of all aspects of an organization, not only monetary resources but human resources, marketing etc.. as well.
Categories of business resources?
Business resources can be grouped into several categories. The most useful resources include financial resources, human resources, physical resources and intangible resources.
Concept and function of business finance?
Allocation of financial Resources . Procurement of found . Efficient and Effective utilization of financial resources
What are financial resources?
Finacial resources are ones that are to do with how a business/company is being financed. Example of financial resources are: Bank loan, Mortgage, Overlease e.t.c.
What are the four resources that must be combined to organize and operate a business?
Human Resources, Material Resources, Informational Resources, and Financial Resources.
Why is accounting needed on business?
To manage all the financial resources.
What does a head manager of a business do?
A manager is one who coordinates people and other resources to accomplish the goals and objectives of the business. Resources include the following. * Material resources * Human resources * Financial resources * Informational resources
What are the different type of stakeholders in a business?
Stakeholders in a business include:stock holders or ownersemployeescustomerssuppliersneighborslenders (of financial resources)
What financial and non financial measures are important to the business?
CEO performance
3 major function of business finance?
Allocation of financial ResourcesProcurement of foundEfficient and Effective utilization of financial resources
Describe business acumen?
Business acumen involves the ability to manage human, financial, and information resources in an organization, strategically.
Why is goal setting such an important part of the financial planning process?
The goal setting is an important part of the financial planning process because it will minimize the wastage and misuse of financial resources.
How Importance of financial institutions and markets?
financial institution and financial markets are playing important roles in business inviornent
