List and explain in detail.

Each answer should be minimum 1 page long – Book Finance for the Non-Finiancial Magaer H. Spiro 1. What is Finance? what are the two primary types of finance- related functions top management uses in discharching their duties/ List and explain in detail. 2. How does Microeconomics differ from Macroeconomics? In your own words, explain what is supply and demand and how does it impact prices for goods and services, inflation, and employment conditions in general. 3. What is the difference between monetary and fiscal policy? What role does the government play on these issues? Explain your answers by using examples. 4. What are the four primary financial reports derived from accounting data? Describe the reports and the type of information depicted thereof in detail. 5. What are corporate taxes and how are they calculated? Make an argument in favor of, or against, abolishing corporate taxes. What is a flat tax and how would it benefit/hinder your own financial situation; is it fair? why or why not 6. What are business risks? If you were to go into business for yourself, how would you describe your risk preferences? Use an example you can relate to and explain your risk preference in personal terms. 7. What is a budget? What is a Master budget and how do flexible budgets fit into the master’s budget picture? How is the Cash Budget different from the Master Budget? 8. What is working capital? What is the primary tool available to management that allows them to track working capital requirements/needs? If you were to generate your own cash budget, how you begin that process? Create a FICTTIOUS 3 month cash budget for your self.