During the recent financial collapse, financial managers failed to do their job effectively because of risky financial decisions and poor investment decisions.
What is a financial collapse?
A financial collapse occurs when many borrowers cannot repay their loans.
Most financial collapses have occurred from:
- Undercapitalization
- Poor control over cash flow
- Flagrant financial and investment decisions
- Inadequate expense control.
Thus, for the recent financial collapse, financial managers failed to do their job effectively because of risky financial decisions and poor investment decisions.
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