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PORTABLE MBA IN FINANCE AND ACCOUNTING CHAPTER 13

Chia sẻ: Leslie Nguyen | Ngày: | Loại File: PDF | Số trang:33

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PORTABLE MBA IN FINANCE AND ACCOUNTING CHAPTER 13

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13 FINANCIAL MANAGEMENT OF RISKS. Steven P. Feinstein. For better or worse, the business environment is fraught with risks. Uncertainty is a fact of life. Profits are never certain, input and output prices change, competitors emerge and disappear, customers’ tastes constantly evolve, technological progress creates instability, interest rates and foreign-currency values and asset prices f luctuate. Nonetheless, managers must continue to make decisions. Businesses must cope with risk in order to operate. Managers and firms are often evaluated on overall performance, even though performance may be affected by risky factors beyond their control. ...

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