Business Finance Chapter 1 Definition
At the personal level, finance is concerned with individuals’ decisions about how much of their earnings they spend, how much they save, and how they invest their savings.
In a business context, finance involves the same types of decisions: how firms raise money from investors, how firms invest money in an attempt to earn a profit, and how they decide whether to reinvest profits in the business or distribute them back to investors.
advice and financial products to individuals, businesses, and governments.
career opportunities include the areas of banking,
personal financial planning, investments, real estate, and insurance.
working in a business.
Financial managers administer the financial affairs of all types of businesses—private and public, large and small, profit seeking and not for profit.
-involved in developing corporate strategy and improving the firm’s competitive position.
or her own profit.
an individual in that it can sue and be sued, make and be party to contracts, and acquire property in its own name.
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