a. Discuss factors that distinguish multinational financial management from financial management as practiced by a purely domestic firm; and b. Identify for corporations to build manufacturing plants abroad when they can build them at home country

a. Discuss factors that distinguish multinational financial management from financial management as practiced by a purely domestic firm; and b. Identify for corporations to build manufacturing plants abroad when they can build them at home country

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter27: Multinational Financial Management

Section: Chapter Questions

Problem 2MC

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Concept explainers

Goals and Objectives

A goal motivates a person to achieve a desired outcome using the available resources within a specified time limit. Having goals helps a person focus on a specific desire and directs them to achieve it. An objective is a specific action and a measurable process to achieve the desired goal. A goal needs a specific action plan, i.e., an objective, to be accomplished.

Question

Approach to decide on the efficient procurement and investment of funds for the day-to-day operations of a business. Financial management aims at profit maximization, and it includes financing and capital budgeting.

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