Robert intends to major in business. He has never had much interest in subjects with numbers. He would like to avoid taking any finance courses if possible. Robert should:________A. Avoid finance courses and focus on subjects that he enjoys. B. Take a finance course to satisfy graduation requirements. C. Realize that his success in business requires an understanding of financial issues. D. Change majors and go into the arts.

Question

02-01-2020
Business

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Robert intends to major in business. He has never had much interest in subjects with numbers. He would like to avoid taking any finance courses if possible. Robert should:________A. Avoid finance courses and focus on subjects that he enjoys. B. Take a finance course to satisfy graduation requirements. C. Realize that his success in business requires an understanding of financial issues. D. Change majors and go into the arts.

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Answer:

Letter C is correct. Realize that his success in business requires an understanding of financial issues.

Explanation:

There are four essential functions in a business's administrative process: planning, organizing, directing, and controlling.

That is, it is necessary that these four functions assist in the administrative effectiveness of supervising the operations and areas related to a business, which correctly integrated will contribute to the success of a business.

Financial management is an essential part of the administrative process and there is no possibility for an organization to exist without understanding financial issues, especially because a business needs financial resources to exist.

Financial management is characterized as a set of actions that will help a company in planning, controlling and analyzing the management of financial resources, so that the organization understands its current situation and makes coherent decisions, has the ability to increase equity through profit making. , and consequently improve all administrative results.