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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,
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?
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