List and Explain at Least Four Strategies That Financial Managers

question 53

Essay

List and explain at least four strategies that financial managers can follow in managing their working capital accounts.

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Definitions:

Training Investments

Resources allocated by an organization towards the development and improvement of its employees' skills and knowledge.

Behaviour Modification

A technique that operates on the principle that behaviour that is rewarded, or positively reinforced, will be exhibited more frequently in the future, whereas behaviour that is penalized or unrewarded will decrease in frequency.

Equity And Fairness

Principles ensuring impartial and just treatment or behavior without favoritism or discrimination.

Organizational Success

The achievement of the goals and objectives set by an organization, often measured by financial performance, market share, or other key indicators.