Discuss the role of finance in business. What is the purpose of financial management? The finance role in business is to make sure that the organization has the necessary funds for its goals and objectives. Management is the process of planning, organizing and controlling activities. Describe the kinds of activities that financial management involves. This involves three- Long term investment decisions, long term financing and working capital management decisions. These are short term investments, These are the allocations of resources to the various activities of a firm What kind of tools do financial managers leverage to access and/or monitor the health and performance of a business? Have you used any of these tools? If so, share your experience. The tools that are used are ratios, These examine four areas of a company's'' financial condition and performance like profits, liquidity and financial leverage and efficiency. I worked in a big chain retailer and these come into play. On how much merchandise you sell throughout the months and years. Also the amount of clearance items. The returns that come in along with the amount of shrinkage you have rather it be stolen from the outside or inside