Sum up the role of management as it relates to the finance in a corporation. In your post, address the given:
a) Point out the different aspects of finance which management must understand.
b) Explain why a manager requires understanding the features and significance of financial markets comprising risk and efficiency.
c) Explain why cash flow is more significant than sales in a business.
d) Describe what could happen if management doesn't fulfill responsibilities related to finance. If you have one, share a real world illustration from your own professional experience or from the external source.
Your post must be 200 to 250 words in length.