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Managing Financial Resources and Decisions

Answer :

TASK 1

1.1 Financial sources

For government contract as establishing new branch of Osborne restaurant, accountant of the organization is looking for financial sources. Some of the sources can be expressed as follows:-

Internal Source

Personal savings:- By using personal savings, entrepreneur can establish new entity named as Osborne Terrace restaurant (Albelda,  2011). In addition to this, he can also take aid from his friends and family members by which effective fund can be allocated for commencement.

External Source

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