Week+1

(A) What is Finance? Finance is the management of revenues that comes from various sources such as government, company, organization or individual. (B) How is the finance used by individuals, by governments and by businesses called? Individuals used finance for personal needs, to paying for education, to buying insurance, to investing and saving for retirement. This piece of finance is called personal finance. Businesses used finance to providing the funds for corporation´s activities. This piece of finance is called corporate finance. Generally, corporate finance involves balancing risk and profitability, while intending to maximize an entity´s wealth and the value of its stock. Finally, the piece of finance which deals with the government is called public finance. Specifically, it is concerned with the identification of required expenditure of a public sector entity, the sources of that entity´s revenue, the budgeting process and the debt issuance for public works projects. (C) Studying in the field of Finance: Students’ Experiences  