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Q: What sort of difficulty can you imagine the manager of an organization would be in if the organization did not routinely prepare cash flow forecasts and working capital analyses?
A: The root cause of the global financial crisis that began in 2008 is the psychological excess that was manifest in unsound managerial judgments and poor managerial decisions. [ That excess was unevenly distributed across financial institutions, rating agencies, government bodies, households, and investors. ]
Expert answered|MrG|Points 2089|
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Asked 12/18/2012 1:29:36 PM
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