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BUS 401 Week 1 DQ 1 The Role of Financial Management in a Firm

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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.
    Guided Response: Review several of your classmates’ posts. Respond to at least two classmates’ by commenting on their example of management not fulfilling its responsibilities. Pose a question to spark discussion regarding what could have been handled differently. 

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