ASSIGNMENT BMMF5103 MANAGERIAL FINANCE 15 July 2013 QUESTION 1 a) Maximizing shareholder wealth is a “moral imperative” for financial manager means managers are supposed to work for shareholders who are the actual owners of a company or corporation. Shareholders elect company directors who in turn hire managers to run the company on day to day basis with the view to make profit for the company. Managers are paid for their services rendered to
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1. INTRODUCTION “The collapse of the HIH Insurance group (“HIH”) resulted in a deficiency of up to A$5.3 billion‚ making it Australia’s largest corporate failure. The ensuing Royal Commission report released in April 2003 provides a rare detailed dissection of a spectacular corporate implosion and a very useful case study from which corporate governance lessons may be learned. This is particular so because HIH was not unusual case of major fraud or embezzlement. The failures identified by Commissioner
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Urban Governance for sustainable development 1 URBAN GOVERNANCE FOR SUSTAINABLE DEVELOPMENT Dr. Alka Bharat‚ Professor‚ Dept. of Architecture & Planning‚ M.A.N.I.T.‚ Bhopal – 462007‚ India. E-mail: alka_bharat@yahoo.com Ms. Chandan Chawla‚ Architect / Urban Planner.E mail: ccassociates@rediffmail.com INTRODUCTION The importance of sustainability in the urban setting cannot be over emphasized‚ as it concerns the very survival of a city. Healthy cities contribute to a healthy nation. Clean
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“Do Current Corporate Governance Practices Help Protect Investors’ Interests in Canada?” In the year 1720‚ the British parliament passed the Bubble Act. The act was passed to improve corporate governance and provide investor the protection from the companies making extravagant rumours to inflate stock prices. Over the years‚ many laws have been framed worldwide for protecting the shareholders from manipulations by management. The year 2002 witnessed very big corporate scandals such
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Introduction 2- Participatory Governance 2-1 Participation 2-2 Cornwall’s Definition of Participation Governance 2-3 Participatory Governance in Fragile Settings 3- The Case Study: Bangladesh 4- Conclusion 5- References Chapter1: Introduction Many developing countries have adopted poverty reduction strategies‚ but the mixed results of conventional poverty reduction strategies are disappointing. Research carried out by Merilee S. Grindle on Good Enough Governance suggests that lack of progress
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Good governance‚ democracy and development By Aftab Ahmad Khan Government may be taken as connoting how people are ruled and how the affairs of the state are administered and regulated. It encompasses the state’s institutional and structural arrangements‚ decision-making process and implementation capacity. Conversely‚ it also implies the possibility that the government may be captured by self-seeking elites intent on plundering the nation’s wealth. Good governance depends on the extent to
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Managerial Economics Introduction Economic principles inform good business decision making. Although economics is sometimes dismissed as a discourse of practical relevance to only a relatively small circle of academicians and policy analysts who call themselves economists‚ sound economic reasoning benefits any manager of a business‚ whether they are involved with production/operations‚ marketing‚ finance‚ or corporate strategy. Along with enhancing decision making‚ the field of economics provides
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anatomical position? The body is erect with feet slightly apart‚ and palms face forward with thumps pointing away from body Which of the following statements is correct? The heart is dorsal to the breastbone In a homeostatic control mechanism‚ which component monitors the environment? Receptor Which body systems are absolutely essential for homeostasis? Nervous and endocrine systems Which of the following statements is correct? The navel is caudal to the chin Which of the following is
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have almost complete control over their citizens. The techniques they use to control the civilians are both hidden and openly used. The "inner party" has almost completely forced the outer party (the majority of the party) into utter submission‚ to follow their rules and regulations to the exact. Using these amazing techniques they rule over the citizens of Oceania with and iron fist. In the novel Nineteen Eighty-Four by George Orwell‚ the Government of Oceania controls the citizens by using
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positions‚ technology‚ facilities and equipment‚ materials and supplies‚ information‚ and money. Managers work in an energetic environment and must foresee and adapt to challenges." Eight Managerial Functions Planning Planning involves selecting missions and objectives and the actions to achieve them. It requires decision-making. For every organization‚ planning process is rational and agreeable to the scientific approach to problem solving. It consists of a logical and systematic series of steps. Managers
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