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Finance is primarily defined as the science of money management. Making use of important economic theories, finance allows individuals to deal with allocation of liabilities and assets over a certain time and in accordance with provided conditions of certainty and uncertainty. Finance also aims to price various assets based on their expected rate of return and risk that they might be exposed to. The field of finance is crucial to Business Management as it facilitates taking advantage of new growth opportunities and obtaining government and federal support in the form of tax remittances. Furthermore, strategically deployed financial tools such as investments and loans might be a vital keystone in the success of every business. Study of current and forecasted financial trends is vital for every organization and at the centre of all business decisions. Owing to the fact that financial management forms the core of all management decisions, its importance in management curriculum remains unquestioned. All students aspiring to enter the field of management are expected and encouraged to possess a clear understanding of how a business might operate financially.
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