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Suppose you are CFO of a heavy machine industry. Due to the pandemic, most of your clients delay their purchase of your products. Some clients
Suppose you are CFO of a heavy machine industry. Due to the pandemic, most of your clients delay their purchase of your products. Some clients even asked your accounting department to offer more and longer open account sales. Describe some of the sources of business risk and financial risk. Do financial decision makers have the ability to "trade off" one type of risk for the other? (200 words, 3-4 bulletin points in answering the above questions; 30Marks);
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