Monday, November 23, 2009

What are financial decisions?

Be fair, attentive, and customers
will return.

Financial decisions are judgments
one makes about life, and the future.
It determines how well you live.

You have the choice of investing in
stocks, major appliances, house, car,
saving account, or impulse buy.

If you choose to impulse buy, for
example, then there's zero funds to
invest in stocks.

The key is pick an alternative that
creates a better life now, or in the
future.

A business asks: Do we have the funds
to invest in a certain project. What
areas should we direct funds?

Here, too, the business goal is to
improve a business now, and in the
long run.

Source: http://wiki.answers.com/Q/What_are_financial_decisions&updated=1&waNoAnsSet=2

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