Contracting with other firms to obtain necessary goods and services-a process called outsourcing-emerged as a key management strategy during the nineties. Managers hope to benefit from outsourcing by taking advantage of specialization, focusing more attention... 

The cost of capital is defined as the rate of return that is necessary to maintain the market value of the firm (or price of the firm’s stock). Financial managers must know the cost of capital (the minimum required rate of return) in (1) making... 

To determine whether each division is achieving its organizational objectives, managers must be accountable for the goods and services they acquire, both externally and internally. When goods or services are exchanged internally between segments of a...