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1-1 What is finance? What types of decisions do people in finance make?
CFIN5 - CHAPTER 6 Integrative Problem Robert Campbell and Carol Morris are senior vice-presidents of the Mutual of Chicago In
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Answer #1

Finance is art and science of managing money. It deals with provision of money, whenever required.

Peple in Finance deals with requirement , acquiring and disbursement of money/funds.

Following type of Financial Decisions are made-

1. Investment Decisions( Application of fund)

2. Financing Decisions( Procurement of fund)

3. Dividend Decisions( Distribution of fund)

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