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BUS330 HW1 - Bosun Kim(Sunny Professor Nugent BUS 330 5...

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Bosun Kim (Sunny) Professor Nugent BUS 330 5 June 2011 Chapter 1 Homework Questions 1. How is finance related to the disciplines of accounting and economics? Finance is essentially a combination of accounting and economics. First, finance use accounting information to analyze, plan, and allocate financial resources for business firms. Second, finance use economic principles to guide them in making financial decisions that are in the best interest of the firm. Finance is an applied area of economics that relies on accounting for input. 2. List and describe the three career opportunities in the field of finance. First, Financial management manages a business firm. It analyzes forecasts and plans a firm’s finances and assesses risk and evaluates and selects investments. Also, it not only decides where and when to find money sources and how much money to raise but also it determines how much money to return to investors in the business.
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