Question: The treasurer is the personal responsible for coordinating the preparation of the operating budgets. True / False Typical operating budgets include investment budgets, cash budgets

The treasurer is the personal responsible for coordinating the preparation of the operating budgets. True / False

Typical operating budgets include investment budgets, cash budgets and pro-forma financial budgets. True / False

Budgeting is the process that translates corporate intentions into specific tasks, and identifies the resources needed by managers to carry them out. True / False

Opportunities are elements of the internal environment that offer a company certain avenues for expansion. True / False

Budgeting helps managers to formulate strategic objectives and plans. True / False

Job descriptions can be used as a preventive control tool. True / False

Total assets are the item that appears most often in the five measures that helps to calculate the overall financial health score of a business. True / False

It is NOT important for NFP organizations to prepare cash budgets. True / False

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