Categories

Recent Posts

CASH MANAGEMENT

Tuesday, November 10th, 2009

Most companies have multiple bank accounts. At any particular moment some of these may have positive balances and others be overdrawn. The problem of managing these account balances is exacerbated when the company operates in a number of countries and has accounts in a variety of currencies. Corporate treasurers have four prime objectives in terms [...]

Limited income necessitates choice

Saturday, November 7th, 2009

Because of scarcity, we all have limited incomes. The limited nature of our income requires us to make choices about which goods we will and will not buy. When more of one good or service is bought, we must buy less of some other goods if we are to stay within our budget.