Question

Explain Working Capital Management. Name the two major goals of the firm. Define the 2 functions...

Explain Working Capital Management.

Name the two major goals of the firm.

Define the 2 functions of the financial system.

Homework Answers

Answer #1
  1. Working capital management is a process or set of activities that are performanced by the organizations to ensure the day to day operations of the company. It involves checling for the current assets and the liabilities so as to ascertain the cash availability to meet day to day business expenses.
  2. The first major goal of the firm is to maximize the profit - revenues should exceed the expenses to the maximum extent possible keeping in mind the customers value and shareholders investment. The second major goal is Long term survival- the firm should plan strategically in such a way that they can stay in the market for longer term.
  3. The first function is to ensure liquidity in the system so that the economic activity runs smoothly. The second function is savings and payments function.
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. Define and explain two major functions of the WHO. 2. Define DHHS and name and...
1. Define and explain two major functions of the WHO. 2. Define DHHS and name and define the purpose of its two main divisions. 3. Name four services the health department provides. 4. How are government services funded and whom do they employ? 5. For the following agencies: NIH, CDC, FDA, AHRQ, HRSA, SAMHSA, and IHS A. Define the Agencies B. List the services they provide C. State whether the agencies are local, state national or international. 6. What is...
Name one of the "classic" functions of management and explain how an HIM manager applies it...
Name one of the "classic" functions of management and explain how an HIM manager applies it to day-to-day operations.
Why Working capital management is important? Explain briefly.
Why Working capital management is important? Explain briefly.
What are the major functions of the nervous system? What are the two divisions of the...
What are the major functions of the nervous system? What are the two divisions of the nervous system? How are they different? What is a neuron? What are the three major neurons based on function (list and define)? How is the somatic nervous system different from the autonomic nervous system? What is a synapse? What are neurotransmitters? List two and explain their functions. List and explain the role of the supporting cells in the PNS. List and explain the role...
Explain why both effective international pricing and working capital management are crucial. What does the international...
Explain why both effective international pricing and working capital management are crucial. What does the international manager need to do both alone and in conjunction with managers of other business functions, such as marketing, human resources, and operations, to effectively manage these areas? (600 WORDS)
Define management. Explain the two words that begin with 'e' in the definition.
Define management. Explain the two words that begin with 'e' in the definition.
name two project management planning tools and explain how they contribute to effective project management
name two project management planning tools and explain how they contribute to effective project management
Define financial management and explain its importance? (4 marks)
Define financial management and explain its importance?
What are the five major functions of the financial system? In no more than 3-4 sentences...
What are the five major functions of the financial system? In no more than 3-4 sentences discuss the two channels through which development of the financial sector can contribute to economic growth. (2 + 2 = 4 marks). ​
1. Explain the similarities and dis-similarities between private auto and taxi. Name the major stakeholders in...
1. Explain the similarities and dis-similarities between private auto and taxi. Name the major stakeholders in urban public transportation. Discuss their significance and the major role each plays. Define and explain the importance of Environmental Impact Assessment (Statement) in urban infrastructure projects. What is the principal objective in carrying out transportation project evaluation? Name five (5) of the costs that a motorist (road user) would normally incur in owing a vehicle. Explain the operational modalities of "reverse commuting" auto-oriented cities....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT