BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Correct Sequence of the evolution of finance is ____
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1.Transitional 2. Traditional, 3. Modern
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Traditional, 2. Transitional, 3. Modern
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Modern 2. Traditional 3. Transitional
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Transitional 2 .Traditional 3. Modern
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Explanation:
Detailed explanation-1: -The evolution of financial management may be divided into three broad phases: i) The traditional phase ii) The transitional phase iii) The modern phase.
Detailed explanation-2: -Business expansion, merger, reorganization, and liquidation during the life cycle of the firm. The instruments of financing, the institutions and procedures used in capital markets, and the legal aspects of financial events.
Detailed explanation-3: -The origin of finance can be traced to the start of civilization. The earliest historical evidence of finance is dated to around 3000 BC. Banking originated in the Babylonian empire, where temples and palaces were used as safe places for the storage of valuables.
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