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Explain the concept of finance

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SELF-ASSESSMENT [APPLICATION QUESTIONS]:

1. Explain the concept of finance.

2. How is finance related to other functional areas in a business organization (marketing, production, accounting, etc.)?

3. What are the three types of financial management decisions? For each type of decision, give an example of a business transaction that would be relevant.

4. Why do you need to understand finance?

5. What goal should always motivate the actions of the firm's financial manager?

Reference no: EM133001941

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