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How would you respond to the following post? Finance is the study of the way people...

How would you respond to the following post?

Finance is the study of the way people distribute their assets under circumstances over time. Management has various functions such as planning, managing, organizing leading in the completion and running of this all management, finance is definitely essential, finance is the foundation of any management and management activities, public finance, personal finance. Some things that management needs to understand when it comes to running a company. Therefore management has to consider all of these financial aspects to make a successful analysis and make or run a successful business. A manager needs to understand financial markets ' characteristics and values, including liquidity, competition, and performance because managers have to make decisions that can make a company successful and that can help make a greater profit without realizing how important financial market managers are in the industry. Working in the finance field, I have witnessed plenty of businesses fail due to not having the appropriate financial responsibilities. Most businesses do not correctly calculate all the funds needed to operate their business some overspend and do not have enough money for other things for the business.

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Any company can survive in an industry only if it takes care of its finance. Therefore, the post is correct in describing finance management to be one of the most important activities in any business organization. The whole organization relies on the optimum allocation of financial resources which leads to higher productivity and better infrastructure for the company to operate.

Along with these, a deep understanding of the financial markets helps a finance manager in avoiding unnecessary risks and taking advantage of opportunities provided by the varying financial factors. This helps in the efficient management of resources of the company to earn greater revenues and make higher profits form them.

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