econ385 Chapter 17: Chapter 17 Review .docx
Document Summary
Financial management: finance is the function in a business that acquires funds for the firm and manages those funds with the firm, financial management is the job of managing a firm"s resources so that the firm can meets its goals and objectives, financial managers examine the financial data prepared by accountants and make recommendations to top executives regarding strategies for improving the financial strength (also known as health) of the organization, put another way, financial managers are responsible for seeing that the company pays its bills. Different classes of bonds: debenture bonds, bonds that are unsecured, usually issued by well respected firms, are backed by some tangible asset that is pledged to the bondholder if bond interest isn"t paid or the principal isn"t paid back when promised, permits the bond issuer to pay off the bond"s principal prior to its maturity.
