How do the objectives of evaluating financial condition differ between internal managers and credit analysts? How are their objectives similar?
What will be an ideal response?
Internal managers are primarily concerned with ensuring that the government has the capacity to sustain services to the community, whereas bond investors and creditors are mainly interested in assessing the ability of the government to make its principal and interest payments on debt when due. Managers and investors and creditors have similar interests in the sense that investors and creditors also are interested in the government's ability to sustain service. History has shown that in times of severe fiscal stress vital services usually take priority over debt service payments.
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Behavior descriptions should meet which of the following criteria?
A) describe only observable behaviors B) include terms such as "never, always, or constantly" C) focus on more than one behavior D) present inferences about another's motives
One cognitive bias of overconfidence can lead to a particularly troublesome cognitive bias: escalation of commitment.
Answer the following statement true (T) or false (F)
Forms for recording observational data are more difficult to construct than questionnaires
Indicate whether the statement is true or false
Which institution can be classified as either a wholesaler or retailer?
a. off-price chain b. factory outlet c. membership club d. department store