Question

"Business finance includes those business activities which are concerned with the acquisition and conservation of capital funds in meeting the financial needs and overall objectives of business enterprise." This definition is given by _____________.

• A. B.O. Wheeler
• B. Howard and Upton
• C. ICSI
• D. ICAI

Answer 1

The correct option is A B.O. Wheeler

According to the Wheeler, “Business finance is that business activity which concerns with the acquisition and

conversation of capital funds in meeting financial needs and overall objectives of a business enterprise”. According

to the Guthumann and Dougall, “Business finance can broadly be defined as the activity concerned with

planning, raising, controlling, administering of the funds used in the business”.

Corporate finance is concerned with budgeting, financial forecasting, cash management, credit administration,

investment analysis and fund procurement of the business concern and the business concern needs to adopt

modern technology and application suitable to the global environment.