Finance is the functional area of business that is responsible for finding the best sources of funds and the best ways to use them.
The finance function involves planning, obtaining, and managing a company’s fund. In a company, finance managers play an important role, as they plan for both short-term and long-term financial capital needs and analyze the impact that borrowing will have on the financial well-being of the business.
The main purpose of the finance function is to provide the financial information that other business functions require to operate effectively and efficiently, and to support business planning and decision-making.
Hence, finance is the functional area of business.
To learn more about finance here:
https://brainly.com/question/28079137
#SPJ4
