Answer:
In the explanation is the proper point of view of how important the finance department is for every company.
Explanation:
To begin with, the quote is absolutely true. In order to be able to manage a successful business that can project future incomes, expectations and more they will need to have a good control and manage of the finances of the company. Moreover, the finance department inside every company is the one that decides how much is able to spend in marketing, in production and more because they have the calculations of every aspect that the company needs to know when it comes to terms of costs, incomes, inflation and expectation of future profits and more. So that is why that the quote is right, the finance plays a critical role when it comes to manage a business properly so that a superior and consistent performance can take place.
The quote highlights the impact of finance or capital in defining the performance, development and growth of a business.
The truth of the quote can be established in the fact that every business entity has to do with finance, which is why all businesses would always have a sector which handles it's finances.
The financial sector a business entity plays the role of Analysing the spending, revenue and profit made which in turn always business expansion which is largely achievable through adequate financing.
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