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Financial Management PART 1 notes
| Institution | UNIVERSITY |
| Course | Financial Management |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Mwalimu Evans Okoyo. |
| File Type | |
| Pages | 160 Pages |
| File Size | 2.04 MB |
| Views | 3274 |
| Downloads | 0 |
| Price: |
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Description
Finance can be defined as the art and science of managing money. Virtually, all individuals and organizations earn or raise money and spend or invest money. Finance is concerned with the process, institutions, markets and instruments involved in the transfer of money among individuals, business and governments.
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Management guru, Peter Drucker, says the basic task of management includes both marketing and innovation.
According to him, "Management is a multipurpose organ that manages a business and manages managers, and
manages workers and work."
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