Financial management is critically important to the success of any business organization. Respond to the following in a m

Q1 – Financial management is critically important to the success of any business organization.

Respond to the following in a minimum of 175 words: 

Discuss the role of finance in business. What is the purpose of financial management?

Describe the kinds of activities that financial management involves.

What kind of tools do financial managers leverage to access and/or monitor the health and performance of a business? Have you used any of these tools? If so, share your experience.

Q2 – We’ve all heard the expression, “Time is money,” and time value of money calculations certainly depict this sentiment.

Respond to the following in a minimum of 175 words:

• Share an example of a situation when you used TVM calculations to support a financial decision either in your professional or personal life. (If necessary, share a hypothetical example of when you might use TVM calculations.)
• Discuss which TVM calculations you used to support your financial decision and the benefits this provided.
• In the example you shared, how was cash flow impacted by your decisions?