STRONG FINANCIAL (MONEY) MANAGEMENT; HOPE FOR POVERTY REDUCTION IN AFRICA.

STRONG FINANCIAL (MONEY) MANAGEMENT; HOPE FOR POVERTY REDUCTION IN AFRICA.

Please answer True or False

  1. Businesses in Cameroon do not grow because of lack of Capital (money)?
  2. Africa is poor because its countries lack money?

My answer:

False for both questions.

Why: Poor money management is the culprit.

For a better understanding, read the article below in the link below.

Financial Management Publication Final

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Comments (2)

  • Winnie Reply

    I have mixed feelings about d first question.
    I think it could be true or false. True because some people choose capital intensive businesses and don’t have sufficient capital to expand. And false because some people mismanage their capital.
    I think the second question is clearly false. Africa is poor mainly because we have less qualified people at the head of most organizations, also because most African countries are still under the influence of colonial masters. Finally because most her resources still lie idle. #my point of view#

    July 1, 2017 at 8:05 am
  • agha kennedy Reply

    false in both situations

    July 2, 2017 at 8:44 am

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