Discuss below in a 200 words each:
1. Summarize the role of management as it relates to finance in a corporation. In your post, address the following:
• Indicate the various aspects of finance that management must understand.
• Describe why a manager needs to understand the characteristics and importance of financial markets including risk and efficiency.
• Describe why cash flow is more important than sales in a business.
• Discuss what could happen if management does not fulfill responsibilities related to finance. If you have one, share a real world example from your own professional experience or from an external source.
2. Explain how a manager would use the balance statement sheet to drive financial analysis and decision-making.