Finance y y y y The art and science of managing money Concerned with the process, institutions, markets, and instruments

involved in the transfer of money among individuals, businesses, and governments Enables people to make better personal financial decisions Benefit people by being able to interact effectively with a firm s financial personnel, processes, and procedures

Risk y y Risk is the chance that actual outcomes may differ from those expected A condition of risk is said to exist when a decision must be made based on incomplete but reliable factual information