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Why is it so important to the broader economy to have an efficient and effective financial system?
Wiki User
∙ 7y ago
Financial management is important in business because when management knows, they can make adjustments to ensure the business remains operational. Financial management also helps business take advantage of opportunities.
Wiki User
∙ 9y ago
Wiki User
∙ 10y agoFinancial system play a vital role in the development of an economy.Financial system act as an intermediery in the growth process taking place in an economy.It help in allocating the funds from non-function areas to functional areas such as collecting the resources from different persons in terms of saving and deposites and the same resoureces is being allocated to functinal areas such industrialist or agricultralist for better usage of resources which brings productivity as well as employment which help the economy to obtain growth in faster rates.
Wiki User
∙ 12y agoIt helps pay for the student's tuition over periods of time instead of a one-time payment which might be too much for some student's families.
Wiki User
∙ 14y agolylyly
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The five key dimensions of the broader business environment include?
The five key dimensions of the broader business environment include the Social, Economic, Technologic, Global and Competitive environments.
In contrast with classical economics, Keynesian economics _____.?
takes a broader view of the economy
What is golbalization?
Globalization is the worldwide movement toward economic, financial, trade, and communications integration.Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers.However, it does not include unhindered movement of labor and, as suggested by some economists, may hurt smaller or fragile economies if applied indiscriminately.
Are equities and shares the same?
Equities cover a broader range of stock holdings, shares are a specific form of equity.
In contrast with classical economics keynesian economics does what?
In contrast with Classical economics, Keynesian economics takes a broader view of the economy
Differences betweenthe accountant and the economist?
An accountant works with very detailed financial numbers. An economist works with much broader information, such as the economy and financial markets.
What does broader mean?
broader
What the relationship between financial management and management?
Financial management and management are closely interconnected and interdependent within an organization. Financial management is a specialized function that focuses on the planning, organizing, controlling, and directing of financial resources to achieve the goals and objectives of an organization. On the other hand, management encompasses a broader set of activities that involve planning, organizing, coordinating, leading, and controlling resources (including financial resources) to achieve overall organizational objectives. Here are some key aspects of the relationship between financial management and management: Decision-Making: Financial management provides crucial financial information and analysis that supports managerial decision-making. It helps managers assess the financial implications of various options and make informed choices that align with the organization's goals and financial sustainability. Resource Allocation: Financial management plays a significant role in resource allocation within an organization. It involves determining how financial resources should be allocated across different departments, projects, or initiatives to optimize their utilization and achieve desired outcomes. This aligns with the broader management function of allocating resources effectively and efficiently. Performance Monitoring: Financial management provides tools and techniques to monitor and measure the financial performance of an organization. It involves analyzing financial statements, conducting financial ratio analysis, and preparing financial reports to assess the organization's financial health. This information aids management in evaluating the overall performance and making necessary adjustments to ensure financial stability and growth. Budgeting and Planning: Financial management involves the development and implementation of budgets, which are crucial management tools for planning, controlling, and monitoring organizational activities. Effective financial planning and budgeting help management set financial targets, allocate resources, and evaluate performance against established financial goals. Risk Management: Financial management plays a vital role in identifying, assessing, and managing financial risks within an organization. It involves evaluating potential risks related to investments, capital structure, liquidity, and financial markets. Management utilizes financial information to make risk-informed decisions and implement strategies to mitigate financial risks. Communication and Reporting: Financial management provides financial information to management, enabling effective communication and reporting. Financial reports, such as income statements, balance sheets, and cash flow statements, provide insights into the financial results and financial position of the organization. Management utilizes this information to communicate financial performance to stakeholders and make informed strategic decisions.
Sentence with broader?
I was duly humbled by my supervisor's broader shoulders.
What did you mean by?
'Hedge' means to avoid making a definite statement or decision. In Business, it is used in a broader sense i.e. to avoid making decisions involving financial risks to the persona or the business organization.
What are the human resources of a textbook?
Human Resource Management is a broader subject area in the management context. Different authors discuss HRM in various viewpoints. Its important to know that there are different HR textbooks. Armstrong's HRM Handbook is providing fundamentals to broader view.
What is a broader classification level - a kingdom or a family?
A kingdom is a broader classification level compared to a family. Kingdom is one of the higher taxonomic ranks in biological classification, whereas family is a lower rank that falls under kingdom.
What did you mean by hedge?
'Hedge' means to avoid making a definite statement or decision. In Business, it is used in a broader sense i.e. to avoid making decisions involving financial risks to the persona or the business organization.
What is the importance of finance?
Finance is an important field because it is concerned with the management of money and other assets. It is a critical aspect of business, as it helps to ensure that businesses have the necessary funds to operate and grow. In addition, finance is important for individuals, as it helps them to plan for their financial future and achieve their financial goals. Finance also plays a role in the broader economy, as it helps to allocate resources efficiently and facilitate trade and commerce. My recommendation: 𝐡𝐭𝐭𝐩𝐬://𝐰𝐰𝐰.𝐝𝐢𝐠𝐢𝐬𝐭𝐨𝐫𝐞𝟐𝟒.𝐜𝐨𝐦/𝐫𝐞𝐝𝐢𝐫/𝟑𝟕𝟐𝟓𝟕𝟔/𝐌𝐮𝐛𝐚𝐫𝐚𝐤𝐚𝐬/
What is the Comparative and superlative of broad?
Comparative: broader Superlative: broadest
What is the comparative of broad?
broader
Is broader a word?
Yes
