By Les Dlabay, James L. Burrow
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These impulsive decisions usually result in ﬁnancial difﬁculties. Writing down how you spend your money will help you plan today and in the future. Spending less than you receive is the only path for achieving personal ﬁnancial security. SAVING AND INVESTING DECISIONS Your future ﬁnancial security must start with a regular savings plan. These funds might be needed for emergencies, unexpected bills, replacement of major items, or buying special items. After establishing a basic savings plan, you should consider investments that offer greater ﬁnancial growth.
What are possible government regulations that may affect the business activities of JPMorgan Chase? 31. JPMorgan Chase has asked you to (a) identify an area of concern for the company, and (b) suggest actions that might be taken to address this concern. Portfolio Activity To provide tangible evidence of your learning about the ﬁnancial environment of business, do the following: COLLECT an item that illustrates ﬁnancial activity. This example could be an advertisement, newspaper or magazine article, photo, or some other actual item.
The ownership and use of individual property is protected by law as long as it doesn’t interfere with the rights of others. Businesses own the resources needed to produce products and services so they can control the basic economic decisions of what will be produced and how it will be produced. 38 Chapter 2 >>> Financial Environment of Business © GETTY IMAGES/PHOTODISC Consumers can decide what to buy and how much to spend. 2. Freedom of Choice Each consumer and each businessperson has freedom of choice.
Business Finance by Les Dlabay, James L. Burrow