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What are the significance of taking financial decisions in firms?
. Explain the significance of making financial decision by corporate organizations
What are the components of financial management?
The components of financial management include financial planning, which involves setting objectives and determining strategies to achieve them; financial control, which ensures resources are used efficiently and effectively; and financial decision-making, which encompasses investment decisions, financing decisions, and dividend decisions. Additionally, it involves budgeting, forecasting, and analyzing financial performance to guide future actions. Together, these components help organizations manage their financial resources to achieve their goals.
In making financial decisions the relevant tax rate is the?
The relevant tax rate is the marginal tax rate in making finicial decisions.
Significance of cost of capital in financial decision making?
capital budgeting decisions capital structure decisions
Which two things does a budget compare?
A budget compares projected income against expected expenses. It helps individuals or organizations plan their financial activities, ensuring that spending does not exceed available resources. By analyzing these two components, a budget aids in making informed financial decisions and achieving financial goals.
Why are managers judged by their decisions?
Managers are judged by their decisions because these choices directly impact the performance, culture, and direction of their organizations. Effective decision-making can lead to improved productivity, employee morale, and financial success, while poor decisions can result in losses and diminished trust. Ultimately, stakeholders, including employees and shareholders, assess a manager's effectiveness based on the outcomes of their decisions, making accountability essential in leadership roles.
What are the financial decision areas?
Modern approach of financial management provides a conceptual and analytical framework for financial decision making. According to this approach there are 4 major decision areas that confront the Finance Manager these are:- a) Investment Decisions; b) Financing Decisions; c) Dividend Decisions d) Financial Analysis, Planning and Control Decisions
For which decision areas is the financial manager responsible?
Answer-Modern approach of financial management provides a conceptual and analytical framework for financial decision making. According to this approach there are 4 major decision areas that confront the Finance Manager these are:- a) Investment Decisions; b) Financing Decisions; c) Dividend Decisions d) Financial Analysis, Planning and Control Decisions
What is financal system?
Finance information system, is a system that analyzes financial data for making financial forecasts in the future for businesses and organizations.
Is a concept whereby organizations consider the needs of all stakeholders when making decisions?
Corporate Social Responsibility
What is finance information system?
Finance information system, is a system that analyzes financial data for making financial forecasts in the future for businesses and organizations.
Where can you get financial investment advice?
One can receive financial advise by contacting a financial or investment adviser. Companies such as Fisher investments can help direct one into making great financial decisions.
