The finance manager of Aerial Automobiles has made a dectailed plan analysing the minutest financial needs of the firm in the coming six months. He also anayses the sources from where such fund requirement will ge met. Name the process the finance manager is involved in.

It is a part of management process that starts from knowing how many persons and of what type the firm need and identifying the potenti. Potential sources from where it can be met, either from within the organisation or from outside. (a) Identify the function of management discussed above. (b) State the steps involved in the process of the fuction identified in part (a) descussed above. 3 marks

After completing the course of Hotel Management Rahul plans to start his own Hotel, he plans to hire a team experts to give his guests a unique and unforgettable experience. Keeping in mind their budgets. Before starting the business he visited his home town to take blessings of his father. His father told him that success of business depends on how well finance is invested in assets and operations and how timely and economically finance are arranged from outside or from with in the business. He guided him that he should always spend time in identifying different available sources of finance and comparing them in terms of their costs and associated risks. The returns from investment should always exceed the cost of investment. In the above context financial (i) Identify the concept discussed above which has direct bearing on the financial health of a business. Outline the key objective of concept identified in part (i).