Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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What are the commonly accepted goal of
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Step 1
In a nutshell, financial management means that if you save me today, I will save you tomorrow. In this competitive era, funds are obtained from a variety of sources. The acquisition of these funds has long been regarded as a stumbling block.
The classification of funds obtained from various sources differs in terms of cost, risk, management, and control. A wise manager will understand that the funds should be obtained at the lowest possible cost, with a balanced risk and control factors.
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