What we call: MONEY and BUSINESS MATH
What is Business
Math? Business Mathematics as defined as the methods of math skills and
knowledge that seeks information that could help us to apply or to solve our
financial crisis. Business Mathematics deals about how we could handle our
problems from the area of business and economics by the use of technology and
the language of mathematics and then be solved by means of mathematical
equations and computations.
Business
Mathematics is the speech needed for business management. Business Mathematics
implies interests, compounds, and investments. Business Mathematics also helps
in cost and price calculations in putting up and maintaining a business. It is
also the basis or foundation of cash inflows and outflows when it comes to
business. Business Math is simply the study of financial economic growth, it is
also the study of money or what we call finance.
Terms in Business:
Interests – Considered as the
partial or total ownership in an asset. It is the return earn on an investment.
Compounds – Total charge, fee, or
increment that has been already added.
Investments – Savings or money
earned through delayed consumptions. It is an application for using money in
return of earning more money.
Costs – The total money, time,
and resources needed in regards with purchase and activity in a business.
Price – The amount of money at
which a product is valued. A current value or rate to be paid by the consumer.
What is Finance?
Money is a great contributor in life. It is a major necessity in having a
business. Money plays a general role in a man’s life. It is the most essential
thing in life and many of our problems arise
because of it, Either because of the lack of it or having too much of
it. Everyone should know the true value of it. Yes, money provides our needs –
including food, shelter, clothing and others. But our outlook towards money
should not become the source of greed. Money should be one of the reason that
we could manage our lives better.
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Approved By : PROF. CRISENCIO PANER
http://crisenciopaner.blogspot.com/
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Approved By : PROF. CRISENCIO PANER
http://crisenciopaner.blogspot.com/