In Regardless of Your Major: Conflicting Objectives Lead to Problems in Managing a Firm's Working Capital on

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In Regardless of Your Major: Conflicting Objectives Lead to Problems in Managing a Firm's Working Capital on page 578, we learned that the objectives of a firm's sales force and the goal of maximizing shareholder wealth are not always in sync when it comes to managing the firm's working capital. Describe why the sales force might want to have lax credit terms and how this impacts the firm's investment in working capital.
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Financial Management Principles and Applications

ISBN: 978-0134417219

13th edition

Authors: Sheridan Titman, Arthur J. Keown, John H. Martin

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