General Finance Concepts Integrative Problem: Samantha Sampson retired a few years ago at the age of 55. Because...

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Finance

General Finance Concepts
Integrative Problem:
Samantha Sampson retired a few years ago at the age of 55.Because she is bored with retirement and still relatively young,Samantha has considered starting a business of her own. However,she doesn’t know anything about business. As a result, Sam hashired the consulting firm for which you work to give her a brieftutorial on business and finance. To begin her lesson, Ms. Sampsonhas asked you to answer the following questions:
a. What is finance, and why is it important to understandfinance to run a successful business?
b. What are the major areas of the finance discipline?
c. How has finance changed since the beginning of the twentiethcentury?
d. What are some of the financial trends that are currently ofinterest to businesses?
e. What is value, and how is it determined? f. What does it meanto maximize value?
g. What is sustainability, and how is this concept related tofinance?
h. What is lean manufacturing? How is the goal of valuemaximization related to lean manufacturing?

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General Finance ConceptsIntegrative Problem:Samantha Sampson retired a few years ago at the age of 55.Because she is bored with retirement and still relatively young,Samantha has considered starting a business of her own. However,she doesn’t know anything about business. As a result, Sam hashired the consulting firm for which you work to give her a brieftutorial on business and finance. To begin her lesson, Ms. Sampsonhas asked you to answer the following questions:a. What is finance, and why is it important to understandfinance to run a successful business?b. What are the major areas of the finance discipline?c. How has finance changed since the beginning of the twentiethcentury?d. What are some of the financial trends that are currently ofinterest to businesses?e. What is value, and how is it determined? f. What does it meanto maximize value?g. What is sustainability, and how is this concept related tofinance?h. What is lean manufacturing? How is the goal of valuemaximization related to lean manufacturing?