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When businesses and individuals are making financial decisions, most of their decisions are forward-looking, and these decisions depend on their beliefs about what is the
When businesses and individuals are making financial decisions, most of their decisions are forward-looking, and these decisions depend on their beliefs about what is the optimal plan for present and future. In most cases, such choices are made in a context of uncertainty. Discuss the impact of risk aversion anduncertainty when developing financial policies for an organization.
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