In your opinion, why is it essential to study finance, and how do you think that you might apply finance concepts learned in this course to your chosen career? Explain your answer.
o Regardless of the field of study any individual is undertaking, finance is essential for the foundation of every company and therefore crucial for every individual to understand. Furthermore, students may also apply the information taught in finance classes in their lives from simple tasks such as budgeting and more complex ones such as filing taxes. For example, I plan to pursue project management, and finance education is crucial in ensuring a robust management process. Finance will also be crucial when managing the budget or deciding on a project. Therefore, finance will be crucial in my future career.
• Discuss what it means to be a “charitable healthcare organization.” What are the tax advantages offered to not-for-profit corporations?
o Charitable healthcare organizations are multipurpose organizations that aim to cure certain conditions and disorders or improve specific medical disciplines by providing direct services, supporting related medical research, and advocating for public support and understanding. Charitable healthcare organizations are the American Cancer Society, American Heart Associations, and Save the Children. Non-profit organizations receive some tax exemptions from the government. Since the money earned by this organization is not being taxed, they are therefore certain tax advantages received by these not-for-profit organizations.
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