
FINANCIAL PLANNING AND CONTROL PROCESS
Quiz
•
Others
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KG
•
Practice Problem
•
Hard
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37 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
is a method of achieving the goal of maximizing shareholders’ wealth
Evaluate responses using AI:
OFF
Answer explanation
company’s strategic plan
2.
OPEN ENDED QUESTION
3 mins • 1 pt
requires both long and short term financial planning that brings together
forecasts of the company’s sales with financing and investment decision making
Evaluate responses using AI:
OFF
Answer explanation
strategic plan
3.
OPEN ENDED QUESTION
3 mins • 1 pt
Budgets that manage the information used in strategic plan.
Evaluate responses using AI:
OFF
Answer explanation
cash budget and production budget,
4.
OPEN ENDED QUESTION
3 mins • 1 pt
Companies use this post-auditing to:
Evaluate responses using AI:
OFF
Answer explanation
Evaluate the performance of management
Analyse any deviations of actual results from planned results
Evaluate the planning process to determine just how good it is.
Evaluate the performance of management
Analyse any deviations of actual results from planned results
Evaluate the planning process to determine just how good it is.
5.
OPEN ENDED QUESTION
3 mins • 1 pt
- Analyzes external factor to categorize opportunities and threats
Evaluate responses using AI:
OFF
Answer explanation
Strategy
6.
OPEN ENDED QUESTION
3 mins • 1 pt
Analyzes internal factor to identify economical or competitive advantages and weakness
Evaluate responses using AI:
OFF
Answer explanation
Strategy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a budget exists without consideration of strategy, it usually begins with the prior year's budget and misses opportunities to change the direction of the firm causing immobility.
True
False
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