You have just been appointed the financial controller of your organization, and after the handover, you...

 

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You have just been appointed the financial controller of your organization, and after the handover, you find that the organization has USD 5 million on a fixed deposit account for meeting any future eventualities. a) From a financial management perspective, what do you think of your predecessor's strategy, and why do you think so? b) How do you intend to continue managing this fund, and why? You have just been appointed the financial controller of your organization, and after the handover, you find that the organization has USD 5 million on a fixed deposit account for meeting any future eventualities. a) From a financial management perspective, what do you think of your predecessor's strategy, and why do you think so? b) How do you intend to continue managing this fund, and why?

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a From a financial management perspective having 5 million on a fixed deposit account for meeting future eventualities may not be the most efficient u... View the full answer