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QUESTION 1 (25 marks) a) Why the importance of accounting information is important to financial managers in business organizations. [5 marks] b) What is the
QUESTION 1 (25 marks) a) Why the importance of accounting information is important to financial managers in business organizations. [5 marks] b) What is the goal of the firm and what are the problems with the goal of profit maximization? [5 marks] c) Briefly discuss why the financial managers in company who make financial decisions must focus on cash flows and not accounting profit [5 marks] d) Discuss what forms of business can survive in the current health crisis situation in the world and what are the 3 ways of financial management that can be done
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