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Applying Financial Concepts to Real Life Situations

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Please give me one example from your research, work, or personal life of an application of the basic types of financial management decisions and the role of the financial manager. Please cite and list all references used.

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Solution Summary

Provides examples of financial management decisions made in personal life. 150+ words.

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We take financial management decisions in our daily life on a daily basis. For example, all families prepare a monthly budget of their estimated expenses. This is a perfect example of financial management. Further, the surplus money is invested ...

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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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