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The Role of Financial Management in a Firm
Summarize the role of management as it relates to finance in a corporation. In your post, address the following:
• Indicate the various aspects of finance that management must understand.• Describe why a manager needs to understand the characteristics and importance of financial markets including risk and efficiency.• Describe why cash flow is more important than sales in a business.• Discuss what could happen if management does not fulfill responsibilities related to finance. If you have one, share a real world example from your own professional experience or from an external source.
Your post should be 200-250 words in length.
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