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Fall 2013 smu mba solved assignments of IB0010 Q1. Explain the goals of international financial management. Give complete explanation on Gold Standard 1876-1913. List down the advantages and disadvantages of Gold Standard.

Answer:  Goals of international financial management
Maximize Profits: A company's most important goal is to make money and keep it. Profit-margin ratios are one way to measure how much money a company squeezes from its total revenue or total sales.
 Minimize Costs: Companies use cost controls to manage and/or reduce their business
expenses. To be profitable, companies must not only earn revenues, but also control costs.
 Maximize Market Share: Market share is calculated by taking a company's sales over a given period and dividing it by the total sales of its industry over the same period.
Management and Stockholder Wealth: Under certain circumstances, management may be more interested in maintaining its own tenure and protecting “private spheres of influence” than in maximizing stockholder wealth.

Social Responsibility and Ethical Behavior: By adopting policies that maximize values in the market, the firm can attract capital, provide employment, and offer benefits to its community.

Gold Standard 1876-1913: A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. As of 2013 no country used a gold standard as the basis of its monetary system, although some hold substantial gold reserves.


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