Question

The head of your school's finance department has asked you to address a group of incoming business students about the importance of finance to their overall business education. Develop an outline with the key points you would cover in your speech and then explain why those key points are important.

Answer 1

The importance of finance to their overall business education is that it helps to know what money to spend, where to spend it and the business strategy to use.

What is financial management ?

Financial management helps to prepare people on how to make use their money in a way that will bring them profit in their business.

It helps businesses to know the business strategy that will be best fit for a particular business and how to utilize the available resources.

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