Financial Management: Assets, Liabilities, and Capital
Controller
Controller: Is responsible for modeling, construction, and maintenance of information systems and management models of organizations that adequately meet the economic dynamic and the information needs of managers and the lead during the management process. In this methodology, it is given the name of process control.
Risk, Return, and Uncertainty
Risk: Possibility of loss. The more certain the return of an asset or a portfolio of assets, the lower the variability, the lower your risk. Example:
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**Types of Companies**
Companies are classified according to objective criteria:
A) Activity
The economic activity can develop in one of these 3 sectors:
- Primary Sector: Formed by companies engaged in the exploitation of natural resources.
- Secondary Sector: Includes firms engaged in processing or industrial activities, such as textile or metal.
- Tertiary Sector: It comprises two groups of businesses: trade, engaged in the sale of unprocessed goods, and services, for example, a bank or clinic.
B) Ownership
Read MoreChilean Central Bank and International Trade Regulations
Chilean Central Bank
First unit
The Chilean Central Bank is a self-constitutional, legal, technical, equity-ensuring entity created on August 21, 1925. It manages the money supply and has the authority to issue banknotes and coinage.
Maximum Conventional Rate
This is set by the BCCH, and conventional banks cannot exceed it when charging their creditors.
BCCH Features
- Issuing banknotes and coins
- Regulation of the quantity of circulating money
- Credit and financial system regulation
- Macroeconomic and prudential
Effective Staff Selection and Compensation Strategies
HR Management: Recruitment, Selection, and Compensation
Staff Selections and Planning
Internal Causes
Rotation: Rotation is expressed by the inflows and outflows of workers. It is caused by the organization to make substitutions aimed at improving human potential.
Absenteeism:
- Illness
- Unproven disease
- Family reasons
- Unintentional delays due to force majeure
- Need volunteers for personal reasons in June
- Difficulties and financial problems in July
- Low motivation to work
- Transportation problems
- Weak supervision
Business Environment: Competitive Strategies & Legal Framework
Item 3: The Environment of the Company
The General Environment
The general environment is the global framework or set of factors and circumstances which apply equally to all firms in a given society or geographical area.
The Specific Environment
The specific environment is more specific and refers only to those factors influencing a group of companies that have common characteristics and concur in the same sector of activity.
General Environmental Factors
- Economics: Some factors have a more temporary
Spanish Stock Market and Insurance Institutions: Operations and Regulations
The Stock Market: Organization and Trading Segments in Spain
There are four stock exchanges in Spain: Madrid, Bilbao, Barcelona, and Valencia. Currently, they are integrated into a holding company. Each exchange is managed and run by a leading company. All four exchanges are interconnected by a computer network called the Spanish Stock Exchange Interconnection System (SIBE), or continuous market, thus obtaining a single price for each security. The SIBE is managed by the company of exchanges. It
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