This verse deals with laziness. Laziness is something of which God does not approve. Financial managers can become lazy in their daily job duties. Multinational organizations should not allow financial managers to become complacent when forecasting exchange rates for purchasing future goods and services. Enthusiastic financial managers should be responsible for the organization to grow, following principles of specialization and dealing ethically and honestly with all stockholders. Exchange rate forecasting is important to economic activity when developing a country.
Financial stability between countries depends on national income, money growth, inflation and interest rates which are critical for currency value. Forecasting exchange rates relates to all these factors. If financial managers become lazy and complacent, failure can come to the organization like a thief in the night.
Address the following:
- Do you feel that personal prayer by the financial manager could eliminate laziness and complacency and why?
- Proverbs 24: 31 states “thorns had come up everywhere, the ground was covered with weeds, and the stone wall was in ruins”. How does this impact forecasting exchange rates?
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