Answer to Question #324303 in Economics for Bea

Question

Nomvula is the secretary of a labour union at Goliath National Mine in Uganda. He has requested that the financial manager send him the latest financial ratios. Why would Nomvula be interested in the financial ratios of the mine?

Select one:

a.

He requires the information with the view of internal control, planning and decision-making

b.

He needs to evaluate the ability of the mine to pay its debt and interest.

c.

He has need of the information with the view to salary negotiations.

d.

He needs to evaluate the mine as an investment opportunity.

Answer 1

c.

He has need of the information with the view to salary negotiations.