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Why is it important to understand a firm's strategy, even if you are not a senior manager in a firm?
Capital Requirements
Financial regulations mandating banks and other depository institutions to hold a certain amount of capital, based on the riskiness of their investments.
Tax Liability
The total amount of tax that an individual or organization is legally obligated to pay to a taxing authority based on earnings, property ownership, or other taxable events.
Legal Procedures
The rules and processes followed in the courts and in dealings with the law to ensure justice and the proper administration of law.
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Q95: While firms often alter the objective properties