Overview of Business Finance

It is concerned with the allocation, procurement and efficient management of business capital so that a firm can maximize profit, increase its value and fulfill its social role.

• Business finance

• Allocation of resources

• Financing

• Cash inflow

The procurement of funds at the most favorable terms at ___________ to the business.

• mo cost

• least cost

• operating cost

• indirect cost

The efficient management of capital for _____________ and increasing the value of the firms.

• Minimization of cost

• profit maximization

• the firm

• Operations

Refer to the means of payment, whether in cash or credit for goods and services.

• Cash

• Resources

• Money

• Funds

It refers to the length of time it takes to recoup the cost of a project from the earnings it generates.

• Interim period

• Payback period

• Return of investment

• Rate of return

It provide working capital which finances day-to-day operations

• Short-term funds

• Long-term funds

• Operating capital

• initial capital

Finance functions are undertaken by the ________ manager,

• accounting

• finance

• Logistic

• human resource

Cost of capital is also known as

• Prepaid expense

• Aggregate expense

• Interest expense

• Selling expense

It is important in procuring funds

• Least interest

• Least cost

• least expense

• Least income

The finance manager is the overall administrator of the firms _________

• Assets

• Resource

• Funds

• Money