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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1176 |
Essay's paper body
Financial managers could also assist the organization in gaining a more competitive advantage in controlling costs and costs drivers. For example, the organization could contract out non-essential services in order to reduce variable costs such as labour costs, benefit, costs, and infrastructure costs...
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(Anonymous, 2000) They are to manage the working capital and cash flow by overseeing the entity's accounts payable function. Often internal policies are established in order to stretch out payments to selected suppliers without damaging the relationship. (Phoenix, 2005).
Consulting is a value-added function that financial managers contribute in the shareholder value maximizing process...
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