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"The modern approach is an improvement over the traditional approach of financial...
Topics: Social Sciences, Chief Financial Officers Act And Federal Financial Management Act, Finance and Financial Management
"The modern approach is an improvement over the traditional approach of financial management." Do you agree?
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The modern concept of financial management as laid out by Stephen Ross is a very complex one that includes practices like difficult arbitrage trades where a given asset is sold and purchases at the same time to take advantage of price differences and reduce risk and options trading and hedging (risk trade-offs). It is suitable for advanced business persons and large corporations but may be a risk-trap for smaller, less knowledgeable businesses.
Posted by karythcara on May 19, 2013 at 10:28 PM (Answer #1)
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