Week 3 - Types of Finance (Private Finance)
0.0(0)
Studied by 3 people
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/8
Earn XP
Description and Tags
9 Terms
1
New cards
Private Finance
Categorized into personal and corporate finance.
2
New cards
Personal Finance
It gained much popularity among the younger generation of income earners, encompasses everything that pertains to personal financial planning*(short and long term needs)*.
\
It involves creating a savings plan for contingencies and investing in financial products such as retirement plans and insurance. *(****examples:*** Budget and Family Planning for a child’s college education)
\
It involves creating a savings plan for contingencies and investing in financial products such as retirement plans and insurance. *(****examples:*** Budget and Family Planning for a child’s college education)
3
New cards
Corporate Finance
Also known as **Business Finance**, primarily concerned with the management of all the financial activities of an enterprise or a business organization.
\
A detailed plan for a bus org includes areas of decisions meant to ensure the financial well-beng o the firm.
\
A detailed plan for a bus org includes areas of decisions meant to ensure the financial well-beng o the firm.
4
New cards
Accounting Supervisor
**Examples of how Corporate Finance is Practiced in Organizations**
\
They are members responsible for preparing a cost and benefit analysis on whether it is more costly *(or cheaper)* to purchase or rent a piece of equipment.
\
They are members responsible for preparing a cost and benefit analysis on whether it is more costly *(or cheaper)* to purchase or rent a piece of equipment.
5
New cards
Marketing Manager
**Examples of how Corporate Finance is Practiced in Organizations**
\
This member meets with the **FINANCE OFFICER** to discuss the pricing of a new product before it is launched in the market.
\
This member meets with the **FINANCE OFFICER** to discuss the pricing of a new product before it is launched in the market.
6
New cards
Marketing Officer
**Examples of how Corporate Finance is Practiced in Organizations**
\
They advise that the budget for advertising and promotion is not enough to include social media advertising.
\
They advise that the budget for advertising and promotion is not enough to include social media advertising.
7
New cards
Human Resource
**Examples of how Corporate Finance is Practiced in Organizations**
\
They are responsible for **JOB HUNTING**, explains to the other members of the management team how hiring additional staff will help with productivity but may also impact cost and profitability.
\
They are responsible for **JOB HUNTING**, explains to the other members of the management team how hiring additional staff will help with productivity but may also impact cost and profitability.
8
New cards
Logistics Manager
**Examples of how Corporate Finance is Practiced in Organizations**
\
Responsible for operations and delivery; requests for a new vehicle that will be used for delivery.
\
Responsible for operations and delivery; requests for a new vehicle that will be used for delivery.
9
New cards
Finance Officer
**Examples of how Corporate Finance is Practiced in Organizations**
\
They explain that the benefits of purchasing a new vehicle will not be enough to justify the amount to be spent.
\
They explain that the benefits of purchasing a new vehicle will not be enough to justify the amount to be spent.