1. Most of the principles of corporate finance are just as apt in personal finance. Do you have a credit policy? If a relative or a friend asks for a loan, how do you handle it? Are their special rules that depend on the person making the request, i.e., family versus friends? Do they have a payables policy, i.e., do not pay credit card right away but take advantage of any grace period?

2. Given the globalization of business, should firms look outside their own borders for short-term financing? What are the advantages and disadvantages of doing this?