PLEASE HELP, WILL GIVE MANY POINT!
1. What is the role of finance in business? What are some of the consequences if businesses do not pay adequate attention to finances? Explain how businesses can use financial information to prevent these problems.
2. What kind of financial information do businesses need to function properly? Give three examples. How can this information help them plan for the future?
3. Explain three different types of investments. Which would be best for a business looking to create some investment revenue? Explain the advantages and disadvantages of each.
4. Give three examples of expenses that would be in a start-up budget that would either change significantly or not be in the budget of a business that has been up and running for years. Explain why these expenses change.
5. Start-up budgets can be challenging because they require a lot of predictions. Given that you cannot say for certain what revenue will be, what information can help you predict revenue?